The undersigned hereby consent to the following:
information may be collected, processed, recorded, used
and must be safeguarded during the rendering of financial services to me by MVL
BROKERS FSP NUMBER: 15561 (hereinafter referred to as the FSP). This
includes my consent to move cross-border (cloud-based) for save guarding
The FSP may
also add to my personal information, with information received from other
product providers and third parties in order to offer
a more comprehensive and appropriate service to me.
The FSP may
verify, share and disclose my personal information to their product providers
and third-parties whose services or products they use
in order to adequately and appropriately render financial services to me.
The FSP may
also collect and process my personal information for the FSP’s own
marketing purposes to ensure their products and services remain applicable and
The FSP is
required by law to obtain and process information about you for the purposes of
conducting Customer Due Diligence (CDD) which includes enhanced due diligence.
The purpose of CDD is to determine the risk that you may be engaged in
money-laundering and/or terror-financing activities. We are required to obtain
and process information about you in respect of the following:
identity and that of any person whom you purport to represent, including your
status as a prominent person as defined in the act.
place of residence and/or registration of your business.
status as defined by reference to sections 26A (i.e., whether you are a person
against whom financial sanctions have been imposed) and section 28A (i.e.,
whether you are a person in respect of whom there is an absolute prohibition
against doing business with).
nature and ownership/control structure of your business; and
nature of our products and services, how they relate to your requirements and
how you use them.
also consent to the underwriting, claims or credit information referred to
above being retained on any shared database and shared with insurers and/or
other institutions for underwriting purposes and/or to reduce the incident of
fraud, notwithstanding the cancellation of my policy by myself or by the FSP.
I understand and hereby consent that:
have the right to access my personal information which the FSP holds.
have the right to ask the FSP to update, correct or delete my personal
information on reasonable grounds.
I object to the FSP processing my personal information, the FSP may no
longer process my personal information, within reasonable parameters unless to
conclude a transaction or outstanding business.
I wish to withdraw my consent to process my personal information, I must do so
in writing, addressed to the FSP Information Officer.
I withdraw my consent for the FSP to process my personal information, I
understand that the FSP is still obliged under other legislation to keep
the information for 5 years after termination of the relationship between the
FSP and myself.
The FSP may disclose my information where
they have a duty or a right to disclose in terms of applicable legislation or where
it may be necessary under any other law.