Privacy Policy

1. General Provisions

LLC "Freedom Finance ARMENIA" (hereinafter "the Company" or "we" in all forms of conjugation) undertakes to protect and not violate Confidentiality of any information about the personal data of clients using the company's services (hereinafter also "client", "your", "You"). This Notice on the processing of personal data (hereinafter referred to as the "Notice") describes the personal data protection policy adopted by the Company and the method and procedure for processing personal data. This Notice applies to any website, product, software or service related to the Company (hereinafter collectively referred to as the "Services"), unless a different Notice other than this is established in writing by the Company. FROM THE TIME OF USING OUR SERVICES / OR SIGNING A CONTRACT WITH US, YOU UNCONDITUALLY AGREE TO PROCESSING YOUR PERSONAL DATA, INCLUDING THE REQUEST AND OBTAINING OF PERSONAL DATA IN ORDER SET IN THIS NOTICE.

2. Legal basis for the processing of personal data

Your personal data is processed on the basis of the legislation of the Republic of Armenia, including the Law of the Republic of Armenia “On the Protection of Personal Data”, the Law of the Republic of Armenia “On Securities Market”, the Law of the Republic of Armenia “On Combating Money Laundering and Terrorism”, the agreement concluded/concluding with you, the agreement to join the company's “General Terms of Company”, or your consent obtained as a result of otherwise accepting this Notice. Data processing of legal entities is carried out on the basis of the RA legislation, including the RA Law "On state registration of legal entities, on state registration of separate divisions of legal entities, institutions and private entrepreneurs."

3. Processed personal data, the way of its collection

In order to achieve the objectives set out in paragraph 4 of this Notice, you are required to provide the following personal data, supported by relevant documents: In the case of an individual and an individual entrepreneur: "a self-portrait taken in real time (online selfie), an identity document or other official document, exclusively with a photo, which must, at least, include the name, surname, citizenship, registration address (if any) of the person, year, month, Place of birth, series, number of the identity document, year, month, year of issue, place of residence, and for an individual entrepreneur - also the registration number and the registration number of the taxpayer, as well as other information established by law. In the case of legal entities -a document of state registration or other official document, which must, at a minimum, include the name, location of the legal entity, place of business (if it differs from the location of the legal entity), charter or other similar document, identification number (number of state registration, accounting, etc.), name, the surname of the official (member of the body) carrying out the current management of the activity, and, if available, the taxpayer registration number, as well as, data of the representative's identity document, first name, last name, patronymic, date of birth, registration address and/or actual residence, representative's phone number, email address. If necessary, other personal data may be requested with your consent. The information provided must be accurate, up-to-date and reliable, which you are responsible for ensuring. Your personal data will be processed in the minimum amount necessary to achieve the objectives set out in this Notice. You agree that we may pass your personal data and other related information about you to other partner companies for the purpose of fulfilling your orders/transactions.

When processing personal data, the company is guided by the following requirements:

1. legality of purposes, means of processing and reliability of data,

2. ensuring the legality of personal data processing, which implies data processing with the consent of the subject,

3.compliance with real and stated processing goals,

4. compliance with the scope and nature of personal data, means and purposes of personal data processing,

5. sufficiency of data for processing purposes and inadmissibility of excessive processing of data for processing purposes,

6. notification of users of information systems about the legal and safe practice of handling personal data,

7. accuracy, completeness, reliability and security of personal data in information systems,

8. informing the subject about the processing of personal data and the legally significant consequences of such processing, giving him the opportunity to influence the accuracy and completeness of this data,

9. constant internal control of personal data processing, readiness to undergo state inspections of personal data processing processes and systems:

4. Purposes of processing personal data

The processing of personal data is carried out for the following purposes:

• Proper provision of services, improving the quality of customer service,

• To open a customer account, manage your accounts, monitor and detect fraud.

• Confirmation of your identity (identification),

• Ensuring the accuracy of your personal data (checking, clarification or updating),

• Compliance with the requirements of RA legislative acts and other regulatory legal acts, in particular, the requirements of Article 16 of the RA Law on Money Laundering and Anti-Terrorism.

5. Actions to be performed with personal data

Processing of personal data is the implementation of certain activities and actions with personal data by mechanical and/or technical means, including collection, input, comparison, systematization, storage, transfer, correction, blocking, updating, modification, distribution, destruction, depersonalization and blocking, use, study of personal data, other actions to achieve the goals defined in this document.

6. Terms of storage of personal data

We regularly review the terms of storage of personal data in accordance with the requirements of the current legislation of the Republic of Armenia and the Policy adopted by the Company. The company processes only personal data subject to storage in accordance with the legislation of the Republic of Armenia, and personal data necessary to achieve the purposes established in this document, avoiding their repeated processing as much as possible.

7. Your rights

You have the rights determined by the RA Law "On the Protection of Personal Data". You have the right to withdraw your consent to the processing of personal data or to request the deletion of your personal data. However, in this case, unfortunately, we will not be able to continue to provide you with the Services. You have the right to contact the Company to correct or change your personal data if they are incorrect or need updating. You have the right to file a complaint with the Company if you believe that your personal data was processed with violation or if you do not agree with the procedure for processing your personal data.

8. Existing security assurance measures

To ensure the protection of the processed personal data, the company takes the necessary legal, organizational, technical protection measures in accordance with the legislation of the Republic of Armenia, the requirements of the company's information security policy and the company's technical capabilities. The requirements and rules for the processing and protection of personal data must be taken into account when preparing corporate documents relating to all areas of the Company's activities. The personal data protection system, constantly monitored by our employees, consisting of regularly updated elements, is installed on computer equipment within our organization and is protected by network and security routers that ensure modern security rules. Your personal data is available to our employees only in the volume and within the terms necessary to achieve the goals set in this Notice. The documents to be archived containing personal data must be stored in closed premises specially designed for archiving. Our employees and other persons who have gained the right to access the processed personal data have signed an obligation not to disclose confidential information, and have been warned of possible disciplinary, administrative, civil and criminal liability in case of violation of the norms and requirements of the current legislation of the Republic of Armenia in the field of personal data processing. In order to protect your personal data, the contracts with all our partners who receive information containing personal data must necessarily contain provisions prohibiting the disclosure of confidential information (including personal data).

9. Validity period of the agreement

This Notice, as well as all amendments to it, are approved by the General Director of the Company, come into force from the moment they are published on the Company's website www.ffin.am and are applicable to relations with the Company prior to the entry into force of this Notice. From the moment the Notice enters into force, its previous editions are considered invalid. The consent given when accepting this Notice is valid until the termination of any existing legal relationship between you and the Company and until your obligations to the Company are fully fulfilled.

10. Contact Us

If you have any questions about this Notice or our Policy on personal data confidentiality protection, you can write to the addresses below.

e-mail: [email protected]

Address: RA, Yerevan, Melik Adamyan 2/2

This page was last updated 13.05.2024, 15:54

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Freedom Finance Armenia LLC is controlled by the Central Bank of Armenia

Freedom Finance Armenia