Privacy Policy
Effective Date: December 29, 2024
Elite Consulting (“we,” “our,” “us”) is committed to protecting your personal data and maintaining the highest standards of compliance with global Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. This Privacy Policy explains how we collect, use, store, and share your data.
1. Data We Collect
To fulfill our obligations under AML/KYC regulations and provide company setup services, we collect the following types of personal information:
- Personal Identifiable Information (PII): Full name, date of birth, nationality, address, and contact details.
- Identification Documents: Passports, national ID cards, driver’s licenses, and proof of address documents.
- Financial Information: Bank statements and other documentation required for KYC compliance.
- Verification Data: Data obtained through verification systems such as AidKYC, Onfido, and SumSub.
2. Purpose of Data Collection
We collect and process your data strictly for the following purposes:
- Company Setup Services: To facilitate the setup of your company in jurisdictions such as Hong Kong, Seychelles, Panama, USA, Singapore, and the United Arab Emirates.
- AML/KYC Compliance: To verify your identity and ensure compliance with applicable anti-money laundering regulations.
- Regulatory Requirements: To transmit necessary information to competent government authorities or regulatory bodies to ensure smooth and compliant business processes.
3. How We Use Your Data
Your data is used solely for the purposes outlined above and is handled in strict accordance with regulatory standards:
- AML/KYC Verification: Using trusted systems such as AidKYC, Onfido, and SumSub to verify your identity and financial documentation.
- Company Setup Processing: To submit required documentation to relevant authorities or entities for company registration.
- Regulatory Compliance: To provide necessary data to competent governments or entities to meet AML compliance standards.
4. Data Sharing and Disclosure
We may share your data only with the following parties:
- Government Authorities: Relevant regulatory bodies and government entities in the jurisdictions where you are setting up a company.
- Third-Party Verification Systems: AidKYC, Onfido, and SumSub for identity verification and compliance.
- Service Providers: Trusted entities assisting with company registration and legal compliance processes.
We do not sell, rent, or disclose your data to unauthorized third parties.
5. Data Security
We implement stringent security measures to protect your personal data, including:
- Encryption of sensitive data during storage and transmission.
- Access controls to limit data handling to authorized personnel only.
- Regular audits and compliance checks to ensure adherence to AML/KYC standards.
6. Data Retention
We retain your data only for as long as necessary to fulfill the purposes for which it was collected, including:
- Meeting AML/KYC obligations.
- Complying with legal or regulatory requirements.
- Retaining records for company setup and operational purposes.
7. Your Rights
You have the following rights regarding your personal data:
- Access and Correction: Request access to or correction of your personal data.
- Deletion: Request deletion of your data where legally permissible.
- Restriction of Processing: Restrict processing of your data under certain circumstances.
- Complaints: Lodge a complaint with a data protection authority if you believe your rights have been violated.
8. Updates to This Policy
We may update this Privacy Policy from time to time to reflect changes in our operations, regulatory requirements, or technology. Please review this page periodically for updates.
9. Contact Us
If you have questions or concerns about this Privacy Policy, please contact us at:
Elite Consulting
Email: [email protected]
Address: SPC Free Zone, Sheikh Mohammed Bin Zayed Rd, Sharjah, U.A.E.