Monfex Privacy Policy

Welcome to Monfex privacy policy .

Monfex respects your privacy and is committed to protecting your personal data. This privacy policy will inform you of how we look after your personal data when you visit our website and tell you about your privacy rights and how the law protects you. Please read the policy carefully. By continuing to use our site and by submitting personal data to us, you are agreeing to the terms of this privacy policy.


This privacy policy aims to give you information on how Monfex collects and processes your personal data through your use of this website. It is important that you read this privacy policy together with any other privacy policy or fair processing notice we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This privacy policy supplements the other notices and is not intended to override them.


We have appointed a data protection officer (DPO) who is responsible for overseeing questions in relation to this privacy policy. If you have any questions about this privacy policy, including any requests to exercise your rights, please contact the DPO using this email [email protected]


We keep our privacy policy under regular review and we will update it from time to time. We will inform you via email or via the site if the changes are significant. This version was last updated on 01.11.2019.

It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us.


This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements.


Personal data is any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data) and it is used only to assist us in providing an effective service on this website. We monitor the use of this website through the use of cookies.

We may collect, use, store, share and transfer different kinds of personal data about you which we have grouped together follows:
  • Contact information, such as your name, job title including your business address, where you have provided this to us, telephone number, mobile phone number and email address, KYC\AML documents;
  • Marketing and Communications Data includes your preferences in receiving marketing, communication preferences;
  • Usage Data includes information about how you use our website, cash, cookies;
  • Aggregated Data includes statistical or demographic data for any purpose. It may be derived from your personal data but is not considered personal data in law as this data does not directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature.

    We may collect personal data about you in a number of circumstances, including when you provide it to us e.g. by contacting us for marketing services or signing up for content such as our newsletters. From your use of our website, using cookies and When you sign up to receive personal data from us; or When your organization offers to provide services to us. In some circumstances, we collect personal data about you from a third party source.


    We will only use your personal data when the law allows us to, in the following circumstances: where you have given us consent by express permission to process personal data for a specified purpose. where we need to use it to perform the contract we are about to enter into or have entered into with you. where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests. Where we need to comply with a legal obligation.


    We may use your personal data for the following purposes only: Managing and administering your organization’s business relationship with Monfex, including processing payments, billing and support services; Providing marketing advice or other services or things you may have requested, including on-line services or solutions as instructed or requested by you or your organization; To analyze and improve our services and communications to you; For monitoring and assessing compliance with our policies and standards; For any purpose related and/or ancillary to any of the above or any other purpose for which your personal data was provided to us. Where you have expressly given us your consent, we may process your personal data also for the following purposes: Communicating with you through the channels you have approved to keep you up to date on the latest marketing developments, announcements, and other information about Monfex services as well as events and projects; Customer surveys, marketing campaigns, market analysis, other promotional activities or events; or Collecting information about your preferences to create a user profile to personalize and foster the quality of our communication and interaction with you (for example, by way of newsletter tracking or website analytics).


    We strive to provide you with choices regarding certain personal data uses, particularly around marketing and advertising. We may use your Identity, Contact, Technical, Usage and Profile Data to form a view on what we think you may want or need, or what may be of interest to you. This is how we decide which products, services and offers may be relevant for you (we call this marketing). You will receive marketing communications from us if you have requested information from us or purchased services from us and, in each case, you have not opted out of receiving that marketing.


    You can ask us to stop sending you marketing messages at any time by Contacting us at any time. Where you opt out of receiving these marketing messages, this will not apply to personal data provided to us as a result of a product/service purchase, or other transactions.


    A cookie is a small file of letters and numbers that we put on your computer if you agree. These cookies allow us to distinguish you from other users of our website, which helps us to provide you with a good experience when you view or use our website and also allows us to improve our site. We provide detailed information about cookies and how to manage them within our Cookie Policy. If you disable or refuse cookies, please note that some parts of the website may become inaccessible or not function properly.


    We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please Contact us. If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so. Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law.


    We may have to share your personal data with the parties set out below for the purposes set out in the table in appropriate paragraph above: Internal Third Parties: other companies in our group who are based in the EU or Worldwide. External Third Parties: service providers, partners and sub-contractors based in the EU or Worldwide, professional advisers based in the EU. Third parties to whom we may choose to sell, transfer, or merge parts of our business or our assets. Alternatively, we may seek to acquire other businesses or merge with them. If a change happens to our business, then the new owners may use your personal data in the same way as set out in this privacy policy. We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions.


    As part of the services offered to you through this website, the information which you provide to us may be transferred to countries outside the European Union (“EU”). By way of example, this may happen if any of our servers are from time to time located in a country outside of the EU. These countries may not have similar data protection laws. By submitting your personal data, you’re agreeing to this transfer, storing or processing. If we transfer your information outside of the EU in this way, we will take steps to ensure that appropriate security measures are taken with the aim of ensuring that your privacy rights continue to be protected as outlined in this Policy. If you use our services while you are outside the EU, your information may be transferred outside the EU in order to provide you with those services.


    We will take appropriate technical and organizational measures to keep your personal data confidential and secure in accordance with our internal procedures covering the storage, disclosure of and access to personal data. Personal data may be kept on our personal data technology systems, those of our contractors or in paper files.


    We will only retain your personal data for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements. To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorized use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal requirements In some circumstances you can ask us to delete your data: see Request erasure below for further information. In some circumstances, we may anonymize your personal data (so that it can no longer be associated with you) for research or statistical purposes in which case we may use this information indefinitely without further notice to you.


    We will respect your legal rights to your data. We shall, to the extent legally permitted, promptly notify You if We receive any requests from You to exercise the following your rights

  • The right to be informed

    We are publishing this Privacy Policy to keep you informed as to what we do with your personal information. We strive to be transparent about how we use your data.

  • The right to access

    You have the right to access your information. Please contact our Data Protection Officer if you wish to access the personal information We hold about you.

  • The right to rectification

    If the information Monfex holds about you is inaccurate or not complete, you have the right to ask us to rectify it. If that data has been passed to a third party with your consent or for legal reasons, then we must also ask them to rectify the data. Please contact our Data Protection Officer if you need us to rectify your information

  • The right to erasure

    This is sometimes called ‘the right to be forgotten’. If you want Us to erase all your personal data and we do not have a legal reason to continue to process and hold it, please contact our Data Protection Officer

  • The right to restrict processing

    You have the right to ask us to restrict how we process your data. This means We are permitted to store the data but not further process it. We keep just enough data to make sure we respect your request in the future. If you want us to restrict the processing of your data, please contact our Data Protection Officer

  • The right to data portability

    Monfex must allow you to obtain and reuse your personal data for your own purposes across services in a safe and secure way without this affecting the usability of your data. Please contact our Data Protection Officer if you want information on how to port your data elsewhere/ This right only applies to personal data that you have provided to us as the Data Controller.

  • The right to object

    You have the right to object to Monfex processing your data even if it is based on Our legitimate interests, the exercise of official authority, direct marketing (including data aggregation), and processing for the purposeless of statistics. If you wish to object please contact our Data Protection Officer

  • The right to withdraw consent

    If you have given us your consent to process your data but change your mind later, you have the right to withdraw your consent at any time, and we will stop processing your data. If you want to withdraw your consent, please contact our Data Protection Officer

    However if you are still looking for more information than you can contact us through one of our preferred contact methods.