Sonali Exchange Privacy Notice

At Sonali Exchange, we value the trust you have placed in us, and we are committed to earning and keeping your confidence. We understand there is specific information you do not want to share with everyone, and we are just as concerned about safeguarding the information you provide to us. This is why we have adopted this privacy policy. This Privacy Policy is available to you at each of the branches of Sonali Exchange Co. Inc. For convenience, we refer to "Sonali Exchange Company Inc. as "Sonali Exchange," "Company," "we," "us," "our," or "ours." The words "you," " "your," or "yours" refer to each individual who is one of our customers or former customers and other individuals who obtain or request money transmission service from us.

Information Collection:

This Privacy Policy describes the kinds of information we collect, how we use it, and the limited circumstances under which we will share it.
We collect information provided by you in applications or other forms about you that will be necessary or useful in processing the money transmission services that you have requested from us.

Maintaining Accurate Information:

We work hard to ensure your information is as accurate, current, and complete as possible. If you ever find that our records are inaccurate or not current, please contact us at the telephone number on your Money Receipt Form. If the record is within our control, we will correct any inaccurate or incomplete information.

Security Procedures to Protect Customer Information:

Access to our systems containing nonpublic personal information is only provided to those employees and agents we determine need it to provide services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.

Information Sharing Within Our Affiliated Companies:
There are times when we will share a portion of your nonpublic personal information with our affiliated companies that either currently exists or that we may work with in the future. However, we will only do so to provide you with superior service, to improve and develop our services, or to perform other daily business functions. An "affiliated company" or "affiliate" is, for example, "Sonali Bank" that owns or controls Sonali Exchange Company Inc.
We may disclose all the information we collect (described in "Information Collection" above) to our affiliates who collaborate with us to produce the service we provide to you, except the regulators. The types of information we may share with our affiliates include (i) identifying information, such as your name, address and social security number (we call this "Identifying Information"), (ii) information about our experiences and transactions with you, such as your remittance history and current or pending remittances (we call this "Experience Information"), and (iii) information about you or services you obtain from us other than Identifying Information or Experience Information, such as information we receive from your applications (we call this "Other Information"). You will be given the choice of restricting our sharing of certain information about you with our affiliates.

Information Sharing with Unaffiliated Third Parties:

Unlike some other financial institutions, we do not sell customer lists or additional information about our customers to unaffiliated third parties. We will not share nonpublic personal information about you with any unaffiliated third parties. Our agreements with these companies are subject to confidentiality provisions and restrictions prohibiting the use of the information beyond the performance of the specified services. You will be given the choice of restricting our sharing of certain information about you with our affiliates.

Our Former Customers:

Rest assured that even if you are no longer a customer of Sonali Exchange Co. Inc., we will continue to treat the information we have with the same level of confidentiality. We appreciate your business and want you to understand our commitment to maintaining the privacy of your personal information, as expressed in this Privacy Policy. This Privacy Policy applies to individual consumers. We reserve the right to amend this Privacy Policy at any time. We will also comply with applicable State laws that provide you with greater privacy rights to the extent not preempted by Federal law.

Important Privacy Choices for Consumers:

We honor our customers' privacy choices. You have the right to control whether we share some of your personal information. You also have the right to know how that information is used.

Your Rights:

You have the following rights to restrict the sharing of personal and financial information with our affiliates and companies that we do business with. You also have the right to limit our affiliates from marketing their products and services to you based on information we share with them. Nothing prohibits the sharing of information necessary for us to follow the law, as permitted by law, or to give you the best service to transfer your money with us.

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