For the purposes of the following paragraphs (“Data Protection”), the Andbank Group, its parent company and its subsidiaries are hereinafter referred to as “the Group”, Andbank Monaco SAM is referred to as “the Bank”, this website is referred to as “the Site”, anyone viewing the Site is referred to as “the User” and the Bank’s clients are referred to as «the Client».
By application of Monegasque legislation on the protection of personal information, the Client is informed that the Bank is responsible for collecting, processing and storing personal information concerning them.
The Client expressly consents that said information is collected and processed electronically, whether automated or not.
This information will only be used, and will only be the subject of communications with third parties, both in Monaco and abroad:
- for the purposes of executing the contractual relationship between the Client and the Bank, and in particular the management and maintenance of the Client’s accounts, and the processing of payment methods,
- for the compliance with the legal and regulatory obligations incumbent on the Bank and in particular those relating to the fight against money laundering, the financing of terrorism and corruption resulting from the Monegasque legislation, or
- for services that the Bank outsources, within the Group or to third parties.
In all cases, the Bank shall implement all necessary means to ensure the security of this information.
The Client may be sent the list of processes implemented by the Bank, their purpose and the retention period of the information processed. Clients also have a right of access to personal information about themselves and may request that inaccurate, incomplete or outdated information be modified or deleted. They may also object, subject to justifying a legitimate reason, to personal information concerning them being processed. Such opposition may, however, make it impossible for the Bank to provide all or part of the services subscribed, or to maintain the account in its books. Finally, Clients may object, without having to justify their decision, to the personal information concerning them being used for the purposes of prospecting and in particular for commercial purposes.
These rights may be exercised by means of a written request addressed to the Bank’s Compliance Department. A response shall be made to the Client within 30 days.
The same principles apply to the personal data that the User may communicate to the Bank, which may be left with the Bank, or that the Bank may collect, during the connection to or consultation of the Site by the User.
If the User does not wish his data to be transferred to third parties or to foreign countries, it is their responsibility to not use the services of the Site which require the communication of personal data, or to even abstain from connecting to the Site.
The User is informed that the Site is hosted by the Group’s parent company located in the Principality of Andorra, a country with an adequate level of protection of personal data within the context of the European Union.