Confidentiality and users’ personal information protection policies in Panda Exchange
In compliance with Colombia’s 2012 Statutory Act number 1581 and its 2013 Regulatory decree number 1377, Panda Exchange adopts this confidentiality and personal information protection policy. This policy will be publicly disclosed to all those users who have submitted their personal data, as well as those who will submit their personal data in the future in the context of business, work or other activities.
Therefore and because of the foregoing, Panda Exchange acknowledges that it will manage every piece of personal information submitted with the utmost privacy, safety, transparency and respect during the term of any type of contractual relationship under the strictest legal requirements.
All persons who, in the context of any activities whether permanent or temporary, were to provide Panda Exchange with any kind of personal data or piece of personal information, has every right to know, update it or correct it.
PANDA EXCHANGE (from hereinafter referred to as PANDA) has established a series of measures and procedures as a policy for managing the risk of Money Laundering and Financing of Terrorism, to prevent the site from being used, directly or indirectly, to carry our illicit activities.
This policy is developed through the System for Managing the Risk of Money Laundering and Financing of Terrorism (SARLAFT by its acronym in Spanish) Manual, which establishes that PANDA must identify and validate the identity of its users and other counterparties, know the final beneficiary and carry out monitoring of cryptocurrency transactions, to the purpose of identifying operations or activities which deviate from normal behavior.
‘Due diligence’ is the fundamental element for this policy’s development and for the procedures established to protect the interests, business, contracts, and operations of PANDA with its users.
PANDA has established protocols to know who its users and counterparties are through the collection, verification and registration of updated information.
PANDA will make no exceptions in its dealings with Publicly Exposed Persons (PPE by its acronym in Spanish) and Politically Exposed Persons (PEP by its acronym in Spanish), who will undergo more exhaustive due diligence. Also, PANDA will investigate the origin of the funds being traded for cryptocurrency on the platform as an integral part of the ML/FT risk management.
Finally, PANDA has designated a Compliance Official who will have all the logistic, financial, and technological support to enforce this policy and will ensure the effective, efficient, and opportune functioning of SARLAFT: