https://www.traditionrolex.com/46
https://www.traditionrolex.com/46
Nec Money Transfer Limited started its journey in 2015 under UK based Authorized Payment Institution. We are authorized with HMRC and obtained our MLR registration. More importantly, Nec Money Transfer Limited has approval by Financial Conduct Authority (FCA), approved License no-649461.
Nec Money located 624A Romford Road, Manor Park, London, E12 5AQ, United Kingdom is the data controller of your personal information.
We are deeply committed and enthusiastic about whatever we do. We provide the most reliable, rapid and convenient way of sending money worldwide around the clock. Our ever-expanding correspondents are selected for their stability and reliability.
Nec Money Transfer is responsible for processing your data, "Personal Information" means information about you or from which we can identify you. This privacy notice describes how we deal with your personal information. Nec Money is the data controller of this information under the relevant data protection laws because in the context of our business relationship with you we decide how and why it is processed in the ways explained in this privacy notice.
This privacy policy notice may be updated time to time.
You should check https://necmoney.com/privacy this webpage regularly so that you can read the up to date version.
We may collect certain personal information which (either on its own or when combined with other information we hold about you) allows us to identify you as an individual and which is about you. We set out below personal information that we generally process in connection with all our services.
When you download our Mobile App, in addition to the information mentioned above we collect and process:
This is the information that you consent to give to us about you when you download or register to use the Mobile App, subscribe to our services or by corresponding with us. This information includes identity, contact, financial and marketing and communications data. If you contact us, we will keep a record of that correspondence.
We may collect this data to allow us to better understand the functionality of our mobile software on your phone. This software may record information such as how often you use the mobile app, the events that occur within it, aggregated usage, performance data, and where the mobile app was downloaded from. We do not link the information we store within the analytics software to any personal data you submit within the mobile app.
We will generally collect your personal information from you directly. If you are introduced to us by a broker or other intermediary, we will obtain some personal information about you indirectly from them when they introduce you to us
In addition, we obtain your personal information from other sources such as Fraud Prevention Agencies, and other organization’s to assist in prevention and detection of crime, police and law enforcement agencies.
Some of the personal information obtained to verify your account will have originated from publicly accessible sources. In particular, the information will draw on court decisions, bankruptcy registers and the electoral register (also known as the electoral roll). We confirm that the third parties used to verify information include:
1. Regula
2. Credit Safe
3. Dilisense
4. Clear Junction
5. Choice International
We recommend that you check the privacy policies on the websites of each of these organization’s and contact those organization’s if you have any questions (their details are in their policies).
At your request, where you provide us with information about third parties, e.g. recipients of transfers, we will also collect personal information in relation to those people (“Receiver Information”). By providing us with such information you confirm that you have obtained any necessary permissions from such persons to the reasonable use of the Receiver Information for such purposes in accordance with this notice, or are otherwise permitted to give to us the Receiver Information on their behalf. Please ensure that those other people are aware of this notice and that the provisions of this notice are clearly communicated to them.
We will only use your personal information when the law allows us to do so. Most commonly we use your personal information in the following purposes:
We need to collect your personal information in order to process your transactions. To do so we require you and your receivers bank account details or full name and address. Without the Receiver Information we would not be able to fulfil your transactions.
As a regulated institution, Nec Money must comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. As a result, Nec Money (and its partners) must conduct Know Your Customer (“KYC”) and Customer Due Diligence (“CDD”) checks to comply with legal and regulatory obligations. Any personal information obtained for the purposes of preventing money laundering or terrorist financing is only used for that purpose. There may be occasions where use of the data is permitted under another enactment. All of this helps us keep our service safe and secure.
We may process your personal information to provide you with certain types of marketing communication that we believe will be relevant and of interest to you. This helps us to provide a more personalized service. We will always endeavour to make these communications relevant and un-intrusive, and you are able to object to marketing communication from us at any time.
We may collect and analyse data such as website or app visit logs, on our own or by using services of third parties, in order to improve the quality of our service.
In addition, we may share your personal data with third parties when it is necessary for the fulfilment of the service or to comply with applicable laws. We set out below some purposes for which we may share your personal information with third parties:
we may share your personal information with third parties, such as our partners and intermediaries, when they are necessary for the fulfilment of the service; and
we may share your personal information when required by law, for example for the purposes of security, taxation and criminal investigations.
We may also, from time to time, ask you for your consent for other purposes, which we will explain to you at the time. Much of what we do with your personal data is not based on your consent and is instead based on other legal grounds. However, for processing that is based on your consent, you have the right to revoke that at any time.
Data protection laws require us to explain what legal grounds justify our processing of your personal information (this includes sharing it with other organisations). For some processing more than one legal ground may be relevant (except where we rely on a consent). Here are the legal grounds that are relevant to us:
Processing necessary to perform our contract with you or for taking steps prior to entering into it:
Administering and managing your account and related services, including updating your records and tracing your whereabouts to contact you about your account;
Sharing your personal information with other payment services providers such as when you ask us to share information about your account with them;
All stages and activities relevant to processing your transaction(s) including enquiry, registration, administration, management and requests for transfers; and
For some of our profiling and other automated decision making.
Where we consider that it is appropriate for us do so, processing is necessary for the following legitimate interests which apply to us and in some cases other organisations (who we list below) are:
Administering and managing your account and services relating to that, updating your records, tracing your whereabouts to contact you about your account and recent transactions, to assess your credit worthiness and advise you in relation to products and services;
To test the performance of our products, services and internal processes;
To adhere to guidance and best practice under the regimes of governmental and regulatory bodies such as HMRC, the Financial Conduct Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme;
For management and audit of our business operations including accounting and insurance;
To carry out searches to verify your account at the time of the first transaction, and following notification of any changes to your address;
To carry out monitoring and to keep records (see below);
To administer our good governance requirements and those of other members of our group;
For direct marketing communications insofar as believe that the marketing will be interesting and relevant to you;
For some of our profiling and other automated decision making (for example when estimating transaction timing); and
When we share your personal information with these other people or organisations
Other payment services providers such as when you ask us to share information about your account with them;
Other account holders or individuals when we have to provide your information to them because some money paid to you by them should not be in your account;
Our legal and other professional advisers, auditors and actuaries;
Financial institutions and trade associations;
Governmental and regulatory bodies such as HMRC, the Financial Conduct Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme;
Tax authorities who are overseas for instance if you are subject to tax in another jurisdiction, we may share your personal information directly with relevant tax authorities overseas (instead of via HMRC);
Other organisations and businesses who provide services to us such as back up and server hosting providers, IT software and maintenance providers, document storage providers and suppliers of other back-office functions;
Buyers and their professional representatives as part of any restructuring or sale of our business or assets;
Credit Reference Agencies (see below where we explain more); and
Market research organisations who help us to develop and improve our products and services.
Processing necessary to comply with our legal obligations:
For compliance with laws that apply to us;
For establishment, defence and enforcement of our legal rights or those of any other member of our group;
For activities relating to the prevention, detection and investigation of crime;
To carry out identity checks, anti-money laundering checks, and checks with Fraud Prevention Agencies pre-application, at the application stage, and periodically after that.
To carry out monitoring and to keep records (see below);
To deal with requests from you to exercise your rights under data protection laws;
To process information about a crime or offence and proceedings related to that (in practice this will be relevant if we know or suspect fraud); and
When we share your personal information with these other people or organisations:
Other payment services providers such as when you ask us to share information about your account with them;
Other account holders or individuals when we have to provide your information to them because some money paid to you by them should not be in your account;
Law enforcement agencies and governmental and regulatory bodies such as HMRC, the Financial Conduct Authority, the Ombudsman, the Information Commissioner’s Office and under the Financial Services Compensation Scheme (depending on the circumstances of the sharing); and
Courts and to other organisations where that is necessary for the administration of justice, to protect vital interests and to protect the security or integrity of our business operations.
Processing with your consent:
When you request that we share your personal information with someone else and consent to that;
For direct marketing communications; and
For some of our profiling and other automated decision making.
In this section monitoring means any listening to, recording of, viewing of, intercepting of, or taking and keeping records (as the case may be) of calls, email, text messages, social media messages, in person face to face meetings and other communications.
We may monitor where permitted by law and we will do this where the law requires it. In particular, where we are required by the Financial Conduct Authority’s regulatory regime to record certain telephone lines or in person meetings (as relevant) we will do so.
Some of our monitoring may be to comply with regulatory rules, self-regulatory practices or procedures relevant to our business, to prevent or detect crime, in the interests of protecting the security of our communications systems and procedures, to have a record of what we have discussed with you and actions agreed with you, to protect you and to provide security for you (such as in relation to fraud risks on your account) and for quality control and staff training purposes.
Some of our monitoring may check for obscene or profane content in communications.
We may conduct short term carefully controlled monitoring of your activities on your account(s) where this is necessary for our legitimate interests or to comply with our legal obligations. For instance, where we suspect fraud, money laundering or other crimes.
Email exchanges, web chat, telephone calls and in person meetings between us and you in connection with your application and/or your account(s) may be recorded to make sure that we have a record of what has been discussed and what your instructions are. We may also record these types of calls for the quality control and staff training purposes.
Unless we explain otherwise to you, we will hold your personal information for up to 10 years, in accordance with local regulations as applicable, following the termination of our relationship in case of-
1. legal claims by you; and/or
2. legal and/or regulatory requirements to which we are subject.
If you would like further information about our data retention practices, please contact with us.
Much of what we do with your personal information is not based on your consent, instead it is based on other legal grounds. For processing that is based on your consent, you have the right to take back that consent for future processing at any time. You can do this by contacting us using the details below. The consequence might be that we cannot send you some marketing communications (but this outcome will be relevant only in cases where we rely on explicit consent)
Nec Money may change this Privacy Policy from time to time. All changes to this Privacy Policy are effective when they are posted on this page. When we change the policy in a material manner, we will let you know via email and/or a prominent notice on our Site.
If you have any questions about our Privacy Policy or your information, please contact us in writing to-
You can contact Nec Money Transfer Limited
624A Romford Road, Manor Park London, E12 5AQ, United Kingdom
Our website: https://necmoney.com/
You can also contact our Dataa Protection Officer if you have any questions about this notice, would like further information about the points raised or to exercise any of your rights.
Contact details for our Data Protection Officer are:
Email: privacy@necmoney.com