This Data Privacy Statement (“Statement”) was prepared in compliance with R.A. 10173, otherwise known as the Data Privacy Act of 2012, and its implementing rules and regulations. Described herein are how personal information are collected, processed, disclosed, and stored by BINHI RURAL BANK (BRBI) and is applicable to its employees and all persons who apply for or avail of any of our products and services, or who have established or propose to establish an account with BRBI, or who have provided or propose to provide third party security/services to BRBI. (“Client”).
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WHAT DATA TO BE COLLECTED FROM YOU
To provide the Client with banking/financial products and services and/or to implement Client-requested transactions, BRBI shall collect personal information from the Client which may include, but are not limited to:
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Name, Age, Date/Place of Birth, Gender, Civil Status, Nationality
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Address and Contact Details
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Educational Background
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Employment History
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Financial Background
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Specimen Signature
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Valid Identification Cards
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Permits, Licenses & Registrations
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Status of Pending Civil/Criminal Cases (if any)
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CCTV footage for security purposes
If deemed necessary, BRBI may request to verify the Client’s personal and business information, or seek additional data from third parties (ex. individuals, entities, other financial institutions), as well as regulatory, judicial, tax authorities, or credit bureaus.
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PURPOSES OF DATA PROCESSING
BRBI shall process the Client’s personal information in connection with any of the following purposes:
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Comply with know-your-customer (KYC) information requirements;
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Open, maintain, and/or terminate accounts;
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Evaluate, approve, provide, or manage applications, financial products and services, and other transactions that the Client has requested;
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Conduct credit and background checks;
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Evaluate Client’s eligibility to BRBI’s products and services;
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Perform profile and risk analysis;
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Ease of contacting/communicating with clients;
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Provide extensive and quality support to the Client;
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For internal purposes, such as administrative, operational, audit, credit and risk management, or;
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Comply with its reporting obligation to government authorities under applicable laws, rules and regulations.
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METHOD OF PROCESSING PERSONAL DATA
Processing refers to the collection, recording, organization, storage, updating or modification, retrieval, consultation, use, consolidation, blocking, erasure or destruction of personal information.
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BRBI shall collect personal information through, but not limited to, any of the following:
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Face-to-face and/or telephone conversation with BRBI personnel
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Email and/or other electronic messaging platforms
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Accomplishment and/or signing of forms/documents
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WHEN DO WE COLLECT PERSONAL INFORMATION
BRBI collects information upon the Client’s application for, availment of and/or usage of BRBI’s products and services. This includes, but not limited to, account opening, loan applications, etc.
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RECIPIENTS OF INFORMATION
Personal information may be processed and shared with various units within BRBI to the extent necessary for any of the purposes herein declared, to credit information bureaus, or to government authorities under applicable laws, rules and regulations.
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RETENTION AND DISPOSAL
Retention and disposal of personal information shall be made in accordance with the Record Keeping provision BRBI’s Money Laundering and Terrorist Financing Protection Program Manual (MTPP) as approved by the Board of Directors and in accordance with existing laws and regulations by the Anti-Money Laundering Act (AMLA) & Bangko Sentral ng Pilipinas (BSP).
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HOW WE SAFEGUARD PERSONAL INFORMATION
In accordance with the Data Privacy Act, RA 1405 (Bank Secrecy Law), RA 8791 (General Banking Law of 2000), BSP Circular 808 series of 2013 (Guidelines on Information Technology Risk Management for All Banks and other Supervised Institutions), and BSP Circular 982 series of 2017 (Enhanced Guidelines on Information Security Management), BRBI, its employees, and representatives, shall handle personal information with utmost care and adhere to appropriate organizational, physical, and technical measures to maintain the confidentiality, integrity and security of all personal information in its possession.
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THE CLIENT’S RIGHTS
In accordance with the Data Privacy Act, the Client has the right to:
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Be informed whether their personal information shall or have been processed;
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Reasonable access to their personal information;
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Require BRBI to update their personal information;
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Suspend, withdraw, or order the blocking, removal, or destruction of personal information if BRBI is not required to retain it by law or for legitimate business purposes and subject to the conditions for the legitimate exercise of the said rights under the Data Privacy Act and its IRR.
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DATA PROTECTION OFFICER
Any inquiry or request for information regarding this Statement may be addressed to the following:
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Data Protection Officer
BINHI RURAL BANK INC.