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NorthStar DMCC Privacy Policy

  • 1. Introduction and Scope

    • At NorthStar DMCC (referred to as “the Company,” “we,” “us,” or “our”), we are committed to safeguarding the privacy and security of your personal data. This Privacy Policy describes how we collect, process, store, and protect the information provided by our clients and prospective clients.

    By interacting with our websites or opening an account, you acknowledge that you have read and understood how we handle your information as outlined in this Policy. This document, including any future amendments, governs our data processing activities throughout our professional relationship and following its conclusion.

  • 2. Data Controller Information

    • This Policy applies to the data processing activities of NorthStar DMCC and its affiliated entities.

    • NorthStar DMCC: Ground Floor, The Sotheby Building, Rodney Village, Gros-Islet, Saint Lucia, Registration Number 2023-00643 and operating under License Number R026.

  • 3. Categories of Data We Collect

    • To provide our financial services effectively and comply with legal obligations, we collect the following types of information:

    • Identity & Contact Data: Full name, date of birth, gender, and contact details (email, phone number, residential address).
    • Financial Profile: Details regarding your annual income, net worth, source of wealth, bank account details, and credit history.
    • Trading Experience: Your knowledge of financial markets, risk tolerance, and historical trading activity.
    • Technical & Usage Data: IP address, device specifications, location data, and logs of your interactions with our platforms and websites.
    • Verification Documents:As required by Anti-Money Laundering (AML) laws, we collect copies of identification documents (Passports, National IDs, Driver’s Licenses) and Proof of Residence (Utility bills or bank statements).

  • 4. How We Utilize Your Information

    • We process your personal data based on the following legal frameworks:

    • Contractual Necessity:To manage your account, execute trades, and provide support.
    • Legal Compliance: To satisfy regulatory requirements, including “Know Your Customer” (KYC) and AML reporting.
    • Legitimate Interests:To improve our services, optimize our website performance, and secure our systems.
    • Consent: Where you have explicitly agreed to receive marketing communications or participated in surveys.

  • 5. Data Disclosure and Third Parties

    • We do not sell your data to third parties. However, we may share necessary information with:

    • Service Providers:Specialist advisors, IT hosting services, and analytics providers.
    • Financial Institutions:Banks and payment processors to facilitate your deposits and withdrawals.
    • Regulatory & Legal Bodies:Courts or government agencies when required by law or to protect our legal rights.
    • Affiliates:Internal entities within the NorthStar DMCC group for administrative purposes.

  • 6. Security and Data Protection Measures

    • We do not sell your data to third parties. However, we may share necessary information with:

    • Service Providers:Specialist advisors, IT hosting services, and analytics providers.
    • Financial Institutions:Banks and payment processors to facilitate your deposits and withdrawals.
    • Regulatory & Legal Bodies:Courts or government agencies when required by law or to protect our legal rights.
    • Affiliates:Internal entities within the NorthStar DMCC group for administrative purposes.

  • 7. Data Retention and International Transfers

    • We retain your personal data for as long as necessary to fulfill the purposes for which it was collected. In accordance with financial regulations, we typically maintain client records for at least five to seven years after the termination of the business relationship. Your data may be processed in jurisdictions outside the European Economic Area (EEA). In such cases, we ensure that appropriate safeguards (such as Standard Contractual Clauses) are in place to maintain the same level of protection.

  • 8. Your Legal Rights

    • Under applicable data protection laws, you have the right to:

    • 1. Access your data and receive a copy.
    • 2. Access your data and receive a copy.
    • 3. Access your data and receive a copy.
    • 4. Access your data and receive a copy.
    • 5. Access your data and receive a copy.
    • 6. Access your data and receive a copy.

  • 9. Contact and Complaints

    • If you have questions regarding this Policy or wish to exercise your rights, please contact our Data Protection Officer (DPO) at:

    • Email: dpo@Fx-Paramount.com]
    • Address: Ground Floor, The Sotheby Building, Rodney Village, Gros-Islet, Saint Lucia

    If you believe your data has been handled incorrectly, you have the right to lodge a complaint with your local data protection authority.