Data Protection & Declaration Terms

Version 1.0 · Effective 2026-08-18 · Document ID: data_protection_declaration_terms

RegMind provides this secure applicant workspace. Your financial institution's legal terms and privacy notices apply. Institution-specific legal wording for this document is pending publication; the governed platform terms below apply in the meantime and this page will serve the approved institution text, under a new document version, once supplied.

Scope

These are the terms referenced by the application confirmation: "I confirm that I have read and agree to the Data Protection Notice, Information Sharing, Data Retention, Ongoing Monitoring, and Declaration terms."

Data Protection Notice

You consent to the processing of your personal data for account onboarding purposes, including identity verification, KYC/CDD checks, and compliance screening carried out by your financial institution and its approved service providers.

Information Sharing

You authorise the financial institution and its approved service providers to verify submitted documents and information with relevant issuing authorities and verification providers, and to share application data with those providers strictly for onboarding, screening, and regulatory-compliance purposes.

Data Retention

Client personal data and KYC/CDD documents are retained for 7 years after the business relationship ends, and audit records for 10 years, as required by AML/CFT Act 2020 s.17 and permitted by the Mauritius Data Protection Act 2017 and GDPR Article 5(1)(e).

Ongoing Monitoring

You acknowledge that, if your application is approved, the business relationship is subject to ongoing monitoring, including periodic reviews, refreshed sanctions/PEP screening, and requests to confirm or update your information.

Declaration

You confirm that the information provided in the application is true, accurate, and complete, and that you are duly authorised to submit it on behalf of the entity. Submitting fraudulent, forged, or misleading information may be a criminal offence.