This privacy collection notice from Preshute Legal outlines why we collect your personal information, what we collect, how we collect it and who we share it with.
Why we need to collect your information
We collect your personal information to comply with the ‘Customer Due Diligence’ requirements in the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act). This includes to:
- Establish and verify your identity before providing certain services to you (or the person you are acting on behalf of);
- Assess and manage potential money laundering, terrorism financing, proliferation financing risks or related compliance risks associated with the provision of our services;
- Make reports required by law under the AML/CTF Act; and
- Meet record keeping obligations under the AML/CTF Act.
What personal information we collect
We collect the following types of personal information:
- Names, addresses, email addresses, phone numbers, your marital status, your age, your date of birth, your bank account details and additional information you provide to us; and
- Your photo ID and unique identifiers, such as passport or driver’s licence numbers.
We also collect the following sensitive information, such as whether you are a member of any political associations, professional or trade associations may be used to verify your occupation or determine whether you are a politically exposed person.
How we collect your information
We will generally collect your personal information by a combination of:
- Collecting the personal information from you directly;
- Collecting the personal information via a third-party identity verification service (such as InfoTrack or LiveSign); and
- Collecting the personal information from other sources such as from registers of companies, trusts or public records (such as court records, regulatory filings and land registries), financial institutions or professional intermediaries.
Who we may share your information with
We may disclose personal information to credit-reporting bodies and third-parties (such as InfoTrack or LiveSign) to assist with AML/CTF obligations including identity verification and storage.
We may also share your personal information with AUSTRAC to meet our legal and regulatory obligations under the AML/CTF Act or the AML/CTF Rules.
What happens if we cannot collect your information
If you do not provide us with your personal information, we may not be able to verify your identity and provide you (or the person you are acting on behalf of) with the services you have requested.
Your privacy rights and our privacy policy
Our Privacy Policy contains further information about how we will handle your personal information and how you can access and correct your personal information. It also outlines how to lodge a complaint and how that complaint will be managed if you are concerned about how we handled your information.
How to contact us about your privacy
If you have any questions about this notice, please contact us at hello@preshute.com.au