Global Business Cash Management Web Policy – Biscintel

WEB POLICY

Protecting the confidentiality and security of personal information is integral to the way in which Biscintel Global Capital Group conducts its business worldwide. We at BGCG are committed to safeguarding the privacy of our clients and use it in accordance with our privacy principles set out below while providing our services to them. The following are major points from our updated Privacy Policy statement that will help to explain the data processing practices of our businesses.

Introduction

In accordance with the GDPR, applicable EU data protection legislation, Biscintel Global Capital Group, being the data controller for the purposes of this application for its services, must provide you with information on how your personal data will be processed.

  1. Purposes of processing and lawful basis of processing:

The personal data collected from you, provided by you or obtained from other sources on your behalf will be held, disclosed and processed by Biscintel Global Capital Group for the purposes of offering you our services and maintaining the relationship with you.

We process personal data only when we have a lawful purpose. Presently, we use your personal data for the following lawful purposes:

  1. Performance of Contract:
  • On receiving your application with the subscription money and signed Investment Management/Subscription Agreement (IMA) along with you providing the required documentation as specified in the IMA, BGCG shall carry out the account opening process.
  • Managing and administering your portfolio and any related account on an ongoing basis which involves your personal data for redemption, distribution of payments and for future subscriptions.
  • Disclosures to third parties identified in the IMA/Offering Memorandum such as auditors, regulatory, tax authorities and technology providers;
  • Recording, maintaining, storing and using recordings of telephone calls that you make to and receive from BGCG, the Administrator, or the Manager and their delegates or duly appointed agents and any of their respective related, associated or affiliated companies for processing and verification of instructions, management and administration of your account(s) and any other matters related to your investment with BGCG, dispute resolution, record keeping, security and/or training purposes.
  • Circulating periodic reports.
  • Responding to queries or providing you support.
  • For any other purpose as provided for in the Agreement between us.
  1. Compliance with legal obligations:

Complying with any applicable legal, Tax or regulatory obligations imposed on the Portfolio Manager including legal obligations under the Companies Act, Tax Laws and the AML regulations including but not limited to:

AML

In line with anti-money laundering requirements under the PMLA, the related regulations set by globally recognized AML agencies, all investors are required to be identified. For this purpose, certain documentation will be required at the time of application as set in the IMA.

CRS/FATCA

Biscintel Global Capital Group is obliged to collect certain information about each investor’s tax arrangements. For CRS/FATCA reporting purposes, please note that in certain circumstances BGCG may legally be obliged to share this information and other financial information with respect to investor’s interest with the relevant tax authorities under relevant jurisdictions.

Screening

Biscintel Global Capital Group shall engage in screening for the purpose of AML regulations and counter terrorist facing legislations including PEP screening and with UN, EU and other applicable sanctions regimes.

  1. Legitimate interest:

Recording, maintaining, storing and using recordings of telephone calls that you make to and receive from Biscintel Global Capital Group, the Administrator,

Please note that where personal data is processed for purposes of legitimate interests, BGCG will no longer process the personal data unless BGCG can demonstrate compelling legitimate grounds.

  1. Consent:

From time to time, Biscintel Global Capital Group may send you information about financial markets etc., by telephone, by email or by other reasonable means of communication. You have the right not to receive such information.

Your consent is not required to process your personal data for the lawful purposes and legitimate interests referenced above.

  1. Disclosures to data processors and / or third parties:

Personal data relating to you which is collected from you or provided by you or on your behalf may be handled by Biscintel Global Capital Group or their duly appointed agents and any of their respective related, associated or affiliated companies for the purposes specified above.

These data processors will handle your information in accordance with applicable Data Protection Legislation.

Biscintel Global Capital Group may disclose your personal data to other third parties where required by law or for legitimate business interests. This may include disclosure to third parties such as auditors and the regulatory bodies, taxation authorities and technology providers.

  1. Transfers Abroad

Since we are an international company, your data will be processed outside of the EU region . Personal data collected from you or provided by you or on your behalf may be transferred outside of transactions originating jurisdiction including to companies situated in countries which may not have the same data protection laws. Such data transfers will only involve companies which are part of the same corporate group or acting as service providers to the Biscintel Global Capital Group.

  1. Retention period

Biscintel Global Capital Group will retain your personal information for as long as is needed to fulfil the purposes outlined in our Privacy Policy, unless a longer retention period is required or permitted by law.

  1. Security Measures to Protect your Data

We maintain reasonable and appropriate security measures to protect Customer Data from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Our information security controls ensure that personal and financial data is well protected and accessible only to authorised personnel.

  1. Your data protection rights:
  • You have a right of access to and the right to amend and rectify your personal data.
  • You have the right to have any incomplete personal data completed.
  • You have a right to be forgotten (right of erasure of personal data)
  • You have a right to restrict processing.
  • You have a right to data portability.
  • You also have the right to object to processing where Biscintel Global Capital Group is processing personal data for legitimate interests.
  • You have the right to withdraw your consent used for Direct Marketing

Additionally, you have a right to lodge a complaint with a supervisory authority, in particular, in the State of your habitual residence; place of work or place of the alleged infringement if you consider that the processing of personal data relating to you carried out by Biscintel Global Capital Group is not as per the regulation in force.

You may request for your rights as outlined above by submitting your written request to us via:

Data Privacy Officer:
John Rahim
Biscintel Global Capital Group

We do not track your online activities across the Internet. We do not use your personal information for automated decision making, including profiling. We do not sell or rent your personal information to third parties.

  1. Refusal to provide personal data:

The provision by you of personal data, as outlined in the section titled “Purposes of processing and lawful basis for processing” is required for us to accept your application and manage and administer your portfolio and so that we can comply with the contractual, tax, legal and regulatory requirements referenced above. Where you fail or refuse to provide such personal data, we may not be able to perform the contract we have entered into with you, or we may be prevented from complying with our legal obligations.