Strategic Wealth Preservation (SWP)
Last Updated: August 15, 2024 by Mark Yaxley, CEO, Strategic Wealth Preservation Ltd.
About Us
Strategic Wealth Preservation Ltd. (SWP) is a company headquartered in the Cayman Islands. Our services enable our clients to, among other things, buy, sell and store precious metals. We also provide other related services. We are committed to protecting your privacy. In this policy, we set out how SWP collects personal data, how it uses and shares it, and the rights and choices you have in relation to the personal data held and processed by SWP.
General
SWP will ensure that its practices remain compliant with all local laws and regulations on data protection and privacy. As of the date hereof there is no legal obligation on SWP to any foreign government, including any foreign tax authority, regulator and/or any foreign public authority to provide information on any customers and/or any transactions performed under this Agreement. To the extent that SWP is subject to any obligations under any law, SWP shall comply with those obligations and will notify you if possible.
SWP recognizes your right to confidentiality where your identity has been validated and, as physical bullion is not classified as a financial product, customer transactions do not fall under normal financial reporting rules. However, if SWP becomes suspicious of an attempt at money laundering, or if contacted by Cayman Islands authorities in a matter of money laundering, SWP is under an obligation to assist the authorities.
Information We Collect
The Personal Information that we may collect broadly falls into the following categories:
Information you provide to us: During engaging with our services, you may provide personal information about yourself or an entity you represent. Personal information is often, but not exclusively, provided to us when you sign up for and use the services, consult with our customer service team, send us an email, or communicate with us in any other way.
We will let you know prior to collection whether the provision of personal information we are collecting is compulsory or if it may be provided on a voluntary basis and the consequences, if any, of not providing the information. By giving us this information, you agree to this information being collected, used and disclosed as described in our Terms & Conditions and in this Privacy Policy.
We may use the personal information we collect through the services or other sources for a range of reasons, including:
This includes sending you emails, invoices, receipts, notices of delinquency, and alerts.
For example, we may inform you about temporary or permanent changes to our services, such as planned outages, or send you account, security or compliance notifications, such as new features, version updates, releases, abuse warnings, and changes to this privacy policy.
Data Protection Rights
You may have the following data protection rights:
We respond to all requests we receive from individuals wishing to exercise their data protection rights in accordance with applicable data protection law. We may ask you to verify your identity in order to help us respond efficiently to your request.
Public Information and Third-Party Websites
How We Share Information
We do not share personal information with unaffiliated third parties, except as necessary for our legitimate professional and business needs, to carry out your request and /or as required or permitted by law or professional standards. We may share and disclose your personal information to the following types of third parties for the purposes described in this privacy policy.
Sometimes, we share your information with our third-party service providers, who help us provide and support our services and other business-related functions. Examples include analyzing data, hosting data, engaging technical support for our services, and processing payments.
These third-party service providers enter into a contract that requires them to use your personal information only for the provision of services to us and in a manner that is consistent with this privacy policy.
Below is a list of third-party service providers that we may share your information with depending on the services you purchase from us or how you engage with us:
Any competent law enforcement body, regulatory body, government agency, court or other third party where we believe disclosure is necessary (a) as a matter of applicable law or regulation, (b) to exercise, establish, or defend our legal rights, or (c) to protect your vital interests or those of any other person.
Any other person with your consent.
Legal Basis for Processing Personal Information (EEA Persons Only)
If you are from the European Economic Area, our legal basis for collecting and using the personal information described above will depend on the personal information concerned and the specific context in which we collect it.
However, we will normally collect and use personal information from you where the processing is in our legitimate interests and not overridden by your data-protection interests or fundamental rights and freedoms. Typically, our legitimate interests include improving, maintaining, providing, and enhancing our technology, products, and services; ensuring the security of the services and our websites; and for our marketing activities.
If you are a client, we may need the personal information to perform a contract with you. In some limited cases, we may also have a legal obligation to collect personal information from you.
If we ask you to provide personal information to comply with a legal requirement or to perform a contact with you, we will make this clear at the relevant time and advise you whether the provision of your personal information is mandatory or not, as well as of the possible consequences if you do not provide your personal information.
Where required by law, we will collect personal information only where we have your consent to do so.
If you have questions about or need further information concerning the legal basis on which we collect and use your personal information, please contact us at info@swpcayman.com.
Your Choices and Opt-Outs
Clients and visitors who have opted in to our marketing emails can opt out of receiving marketing emails from us at any time by clicking the "unsubscribe" link at the bottom of our marketing messages.
Also, all opt-out requests can be made by emailing us at info@swpcayman.com. Please note that some communications (such as service messages, account notifications, billing information) are considered transactional and necessary for account management, and clients cannot opt out of these messages unless you cancel your SWP account.
Our Security
We take appropriate and reasonable technical and organizational measures to protect personal information from loss, misuse, unauthorized access, disclosure, alteration, and destruction, taking into account the risks involved in the processing and the nature of the personal information. For further information about our security practices, please see contact us info@swpcayman.com.
SWP accounts require a username and password to log in. Clients must keep their username and password secure, and never disclose it to a third party. Because the information in a client’s SWP account is so sensitive, account passwords are hashed, which means we cannot see a client’s password. We cannot resend forgotten passwords either. We will only provide clients with instructions on how to reset them.
We operate in the Cayman Islands
Our office is located in the Cayman Islands so your information may be transferred to, stored, or processed in the Cayman Islands.
Retention of Data
We retain personal information where we have an ongoing legitimate business or legal need to do so. Our retention periods will vary depending on the type of data involved, but, generally, we'll refer to these criteria in order to determine retention period:
When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize it or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.
Changes to this Policy
We may change this privacy policy at any time and from time to time. All updates and amendments are effective immediately upon notice, which we may give by any means, including, but not limited to, by posting a revised version of this privacy policy or other notice on the Websites. We encourage you to review this privacy policy often to stay informed of changes that may affect you. Our electronically or otherwise properly stored copies of this privacy policy are each deemed to be the true, complete, valid, authentic, and enforceable copy of the version of this privacy policy that was in effect on each respective date you visited the website.
Questions & Concerns
If you have any questions or comments, or if you have a concern about the way in which we have handled any privacy matter, please send us a message to info@swpcayman.com. You may also contact us by postal mail at:
Strategic Wealth Preservation Ltd.,
ATTN. CEO
PO Box CEC - 343, George Town, KY1-1102
Cayman Islands
Other Important Information
To learn more about the Cayman Islands’ Data Protection Laws (DPL), please visit: https://ombudsman.ky/data-protection
To learn more about the General Data Protection Regulation (GDPR), please visit: https://gdpr-info.eu/