Privacy Policy
This website is owned and managed by Magic Compass. The Privacy Policy applies to any Magic Compass website (hereinafter referred to as the "Website") and Magic Compass (hereinafter referred to as the "Platform" "we," or "Company"). The terms "you," "your personal," "your individual," or "individual" mentioned in this statement refer to any clients and potential clients of Magic Compass or visitor of the Website (as the context requires).
Collection of Personal Information: To provide you with quality services, Magic Compass may collect your personal information, including but not limited to your name, contact details, email address, identification card number, etc. We will only collect personal information that is relevant to our business purposes and comply with applicable laws and regulations.
Automatically Collected Information: When you visit the Magic Compass’ Website or use our services, we may automatically collect some information, such as your IP address, browser type, operating system, date and time of access, etc. This information helps us improve our services and conduct statistical analysis.
Purpose of Collection and Use of Information: Magic Compass will use your personal information following applicable laws and regulations and the provisions of this privacy policy to provide, maintain, and improve our services. We may use your information for account management, customer support, marketing, risk management, compliance requirements, and other reasonable purposes.
Disclosure of Information: Magic Compass will not disclose your personal information to any third party without your explicit consent, except as authorized by you or required by applicable laws and regulations. Notwithstanding the aforesaid, in connection with the aforesaid purpose of collection and use of information, we may disclose your personal information in any jurisdiction to (i) other members of Magic Compass group; (ii) professional advisors, third parties, agents or independent contractors that provide services to any member of the Magic Compass group (such as IT systems providers, platform providers, financial advisors, brokers, consultants (including lawyers and accountants)); (iii) competent authorities (including any regulatory or enforcement body, agency, court or other form of tribunal or tax authority) or their agents where Magic Compass is required or allowed to do so under applicable law or regulation; (iv) a potential buyer, transferee, merger partner and their advisers in connection with an actual or potential transfer or merger of part or all of Magic Compass’ business or assets, or any associated rights or interests, or to acquire a business or enter into a merger with it; (v) credit reference agencies or other organizations that help us to conduct anti-money laundering and anti-terrorist financing checks and to detect fraud and other potential criminal activity; and (vi) any person to whom disclosure is allowed or required by local or foreign law, regulation, or any other applicable instrument.
Security Measures: Magic Compass takes reasonable security measures to protect your personal information from unauthorized access, use, or disclosure. These security measures include but are not limited to data encryption, access control, information backup, etc.
Data Transmission: During the process of information transmission, Magic Compass uses encryption and other security technologies to protect your personal information. However, due to the nature of the Internet, we cannot guarantee the absolute security of data transmission.
Storage and Retention Period of Data: Magic Compass will determine the storage time of data based on the purposes of your use of our services and legal requirements. Generally, we will only retain your data for the time necessary. After the data storage period expires, we will securely delete or destroy your data following applicable laws and regulations.
Sharing and Use of Data: Magic Compass commits not to sell, rent, or share your personal information with any third party without your explicit permission, except that, to provide global services and in the course of running our business, we may transfer your personal information to a location outside of the jurisdiction or country where you reside or where services are provided to you or the organization or entity you work for, including Magic Compass processing centers in other jurisdictions (if any). Although the country to which your personal information may be transferred may not have the same level of privacy and data protection laws, we apply the same level of security and organizational controls to the processing of your personal information wherever it is processed. We require by contract that our third-party service providers processing your personal information on our behalf to comply with Magic Compass’ criteria for processing of personal information.
Market Promotion: In some cases, Magic Compass may use your personal information for direct marketing or market promotion activities related to providing you with relevant products or services. In such cases, we will only use and share your personal information after obtaining your consent. At any time, you can choose not to receive such communications by clicking on marketing opt-out links in any electronic marketing materials we send you, by making a request to your usual Magic Compass contact, by using the contact details set out in this Privacy Policy.
Third-party Partners: To provide better services and functions, Magic Compass may collaborate with carefully selected partners. In such cases, we will sign confidentiality agreements with partners and require them to comply with applicable data protection laws and our Privacy Policy.
Legal Obligations: Magic Compass may disclose your personal information following applicable laws and regulations, court orders, or government requirements.
Retention of data: We will process your personal information for as long as is necessary to fulfil the purpose for which it was collected or to comply with legal, regulatory, accounting, reporting, internal policy requirements or for the establishment or defense of legal claims.
Access Control and Correction Instructions for User Data: You have the right to access, object, correct, update, restrict and delete your personal information. If you wish to exercise any of your rights, or if you have any questions or complaints about how Magic Compass processes your personal information, please contact us through the contact information provided in this Privacy Policy. We will take reasonable measures to verify your identity and endeavor to fulfill your requests.
Notice of Privacy Policy Corrections: Magic Compass reserves the right to correct or update this Privacy Policy at any time. If we make significant changes to the Privacy Policy, we will notify you by posting a notice on our website or application or by sending you an email notification. We encourage you to regularly review this Privacy Policy to understand how we protect your personal information.
Linked websites This Privacy Policy is not applicable to third party websites that we do not own or control, or to any third-party website where Magic Compass advertisements are displayed.