Privacy Policy and Data Protection

1. Information Collection and Verification (KYC/KYB)

To ensure a secure environment and comply with international fraud prevention standards, we collect:

• •Identity Data: Legal name, date of birth, nationality, and official identification documents.
• •Biometric Information: During the KYC process, we process facial biometric data to validate your identity.
• •Corporate Information (KYB): For business accounts, we collect legal entity documentation.
• •Financial and Transactional Data: We record movements within the network, balances, and account activity.

2. Use of Information

Your data is used strictly to:

• •Process transactions and manage your account within the MAGNARE ecosystem.
• •Validate your identity and maintain the integrity of our infrastructure.
• •Improve platform security through early detection of suspicious activity.
• •Comply with legal and regulatory requirements.

3. Protection and Technological Safeguards

We implement military-grade security layers to ensure your information is never compromised:

• •End-to-End Encryption: All sensitive information is encrypted in transit and at rest.
• •Data Segregation: Identity data is stored separately from transactional records.
• •Restricted Access: Only strictly authorized personnel may access specific fragments of information.

4. Sharing Information with Third Parties

MAGNARE does not sell or rent your personal information to third parties. We share only strictly necessary data with:

• •Operational Partners: Our banking institutions and card issuers.
• •Ecosystem Synergy: To facilitate interoperability between services.
• •Verification Providers: Specialized biometric validation and compliance services.
• •Legal Requirements: To comply with regulations or court orders.

5. Your Sovereignty Rights (ARCO Rights)

You retain full control over your data. At any time, you may request Access, Rectification, Cancellation, or Opposition.