Introduction
Rak Traders Limited, trading as Rak Money Exchange, is located at 40 High Street North, East Ham, and London, E6 2HJ. No. 07729114 registered in England and Wales. Rak Traders Limited is a BUREAU DE CHANGE, Transfer Money, and Cheque Cashing Institution licensed by the Financial Conduct Authority and HMRC. The FCA Firm Reference Number for us is 565191.
RAK Money Exchange’s privacy standards explain our promises to you, our customers, clients, and future customers, in terms of how we will manage and protect your personal data. We take our privacy duties extremely seriously, and our businesses and third-party processors may only treat your personal data in compliance with these principles and our regulatory responsibilities, and our personnel is educated in accordance with these standards.
Contacting us about your data you can request any personal information we have on file for you at any time by contacting:
Email info@rakmoneyexchange.com
Mail 40 High Street North, East ham, London E6 2HJ
Personal Data Collection and Use
We will collect the personal data required to deliver the products and services you have requested from us, and we will only do so with your consent, for the fulfillment of a contract, or to send you marketing messages if you have given us your consent. We will treat your personal data fairly and legally, and we will be honest and upfront about how we do so at RAK Money Exchange.
Personal Data Processing and Storage
We will only store your personal information for as long as is necessary to provide you with our products and services (except where required otherwise by applicable law). We will only keep aspects of your data that are necessary for the provision of our products and services, or where we are needed to meet our legal and regulatory requirements. When we no longer need your data for these purposes, we will erase it.
Confidentiality and security
We will keep your personal data private and confidential, ensuring that access to it is restricted to those who need it to execute business activities (except as otherwise required by applicable law). To safeguard your personal data from unauthorized access, use, alteration, disclosure, or destruction, we adhere to industry standards for technology and security and employ tried and true administrative, technological, and physical security methods. In order to respect these beliefs and obligations, we also require that all workers get yearly training.
Data Exchange
We only share your personal information with third parties in compliance with our Privacy Notice or with your permission. Unless you have specifically approved, we will not disclose or use your information for third-party marketing purposes. We will guarantee that your personal data is processed in accordance with local laws and regulations if it is moved outside of the European Union in order to supply the products or services that you desire, such as with our third-party processors or partners. When we share your personal information with our processors, we make certain that they use industry-standard data security procedures.
Your Data Access Rights
RAK Money Exchange will respect your privacy and protect your personal information. If you seek access to your personal data, RAK Money Exchange will comply with your rights as well as local laws and regulations. We will also enlighten you about how RAK Money Exchange processes your personal data. If you believe your data is incorrect, you may request that it be corrected. If you believe that there is no longer a valid reason for us to retain your data, you may request that we remove your personal data (in line with local laws and regulations). You can also change your mind about how we can use your personal data at any moment by withdrawing your processing permission.
Accountability
We shall try our utmost to follow these ideals at all times and hold ourselves accountable for doing so. We will make certain that all of our employees, contractors, partners and third-party processors follow these values and obligations.
Note that some nations’ data privacy regulations may differ; in such cases, RAK Money Exchange will always satisfy its local legal and regulatory duties.
Please refer to your product or service terms and conditions for further information on how RAK Money Exchange processes your personal data.
