Company Policy
At Skye Allied Trust, we are committed to protecting the privacy and confidentiality of our customers' information while maintaining the highest standards of compliance. This policy outlines our approach to privacy, data protection, and regulatory compliance.
Collection and Use of Personal Information: a. We collect personal information from our customers to provide banking services, comply with legal obligations, and enhance customer experience. This information may include, but is not limited to, name, address, contact details, identification documents, and financial data. b. We only collect information that is necessary and relevant to the services we offer. We utilize this information for account management, customer support, risk assessment, regulatory reporting, and to improve our products and services.
Data Security and Confidentiality: a. Skye Allied Trust employs robust security measures to protect customer information from unauthorized access, disclosure, alteration, or destruction. We utilize industry-standard encryption, firewalls, access controls, and regular system monitoring to safeguard data integrity. b. Our employees undergo comprehensive training on data security and confidentiality. We enforce strict internal policies and procedures to ensure the proper handling and protection of customer information.
Sharing of Information: a. Skye Allied Trust does not sell or rent customer information to third parties for marketing purposes. b. We may share customer information with trusted partners and service providers who assist us in delivering banking services. These parties are bound by confidentiality agreements and adhere to applicable data protection laws. c. We may disclose customer information in response to legal requests, court orders, or to comply with regulatory requirements.
Compliance with Laws and Regulations: a. Skye Allied Trust operates in full compliance with applicable laws, regulations, and industry best practices. b. We maintain strong internal controls and regular audits to ensure adherence to legal and regulatory requirements. c. We are committed to combating money laundering, fraud, and other financial crimes. We implement robust Know Your Customer (KYC) procedures and reporting mechanisms to detect and prevent illicit activities.
Consent and Opt-Out: a. By using our banking services, customers consent to the collection, use, and sharing of their information as described in this policy. b. Customers have the right to opt-out of certain communications or the use of their information for marketing purposes. They may contact our customer support to update their preferences.
Amendments to the Policy: a. Skye Allied Trust may update this policy from time to time to reflect changes in legal or regulatory requirements or to enhance our privacy and compliance practices. b. We will notify customers of any material changes through appropriate channels, such as our website or direct communication.
For any questions or concerns regarding our Privacy and Compliance Policy, customers are encouraged to contact our customer support team or visit our nearest branch.
Last updated: [23/03/2023]