GlobalTradeX

DATA PRIVACY STATEMENT

PRIVACY STATEMENT

iwave Advanced Research Group, Inc. and Global Trade Exchange (IWAVE, We or The Company) values an individual’s right to privacy. As such, we ensure that all personal data collected from our customers, vendors, partners, employees, agents and other stakeholders and processed by the Company, our subsidiaries and affiliates are protected at all times in accordance with Republic Act No. 10173, otherwise known as the Data Privacy Act of 2012 (Data Privacy Act), its corresponding Implementing Rules and Regulations (IRR), existing Memorandum Circulars and Advisories issued by the National Privacy Commission (NPC) as well as all other applicable data privacy laws and regulations (“Applicable Laws”). Likewise, we make it a point to inform individuals from whom we collect such data of our personal data processing activities and to respect and enforce their rights as data subjects.

This Privacy Policy was created to inform you of the personal information that we collect from you, how we use it, and with whom we share said information. This Privacy Policy also describes the security measures we undertake to protect your information and how you can communicate with us regarding our privacy practices.

This Privacy Policy shall govern your use and access of IWAVE’s mobile applications, website and related services. This Privacy Policy shall apply to all digital technologies and services operated and/or owned by IWAVE including the mobile versions and mobile applications made available by us, if any. By continuing to access or use IWAVE’s digital technologies and services, you agree to be bound by this Privacy Policy.

PERSONAL DATA WE COLLECT AND PROCESS

The information that we collect are only those necessary and relevant to our dealings with you. Said information will be kept for as long as they are pertinent for the purpose for which they were collected and/or as we are required under the law. We shall immediately destroy or dispose in a secure manner any personal information, the retention of which is no longer allowed under Applicable Law.

We collect and process the following types of personal data, among others:

1. Contact Information and employment and/or business affiliation of our customers and individuals representing or affiliated with our vendors, partners, investors and other business contacts;
2. Personal details, credit history, government issued identification, bank account and credit card information of our customers;
Shareholder information found in publicly available Securities and Exchange Commission (“SEC”) documents;
3. Contact information, employment history, educational background, biometric information, organizational affiliation, filial relations, gender, date of birth, religion, ethnicity, civil status citizenship, past criminal and/or administrative records, government issued identifying information (i.e. Professional IDs, Passport, and Birth Certificates), payroll information, company identification)
4. Information about visitors to our website and social media profiles as well as individuals who use our digital platforms and/or mobile applications. Such information may include, among others, social media profiles, browsing activities, IP Addresses, services procured, and links visited.

We do not collect sensitive personal information that may be a concern to your basic human rights violations. Should We collect such information, we will ask your consent and, in any case, the information you provide will not be used for any other purpose other than the purpose that is provided in this Privacy Policy.

The personal information that we collect are those you have voluntarily submitted to us or those information found in publicly available documents. If you provide personal information of any third party to us, we assume that you have obtained the required consent from the relevant third party to share and transfer his/her personal information and to allow us, our agents and third party service providers to process said information in accordance with this Privacy Policy. If you choose to withdraw the consent for the collection, use and processing of personal information, we may not be able to provide you with our services.

STORAGE, PROCESSING AND RETENTION

We store and process your personal information in our facilities located in the Philippines. We shall comply with the Applicable Law should we transfer the storage and/or processing thereof outside the country. Only our authorized personnel are granted access to personal information we collect. Personal information collected via the Internet or other electronic methods is stored in a secure IT infrastructure, while physical records of personal information are stored in locked filing cabinets.

We reserve the right to retain and keep your personal information until necessary for business, tax, or legal purposes but in no case to exceed five (5) years.

PROTECTION OF INFORMATION

We have in place reasonable and appropriate organizational, technical and physical security measures designed to protect the confidentiality, integrity and availability of personal information you provide and we collect, such as but not limited to the following:

•    We designate and limit personnel handling the personal information to only those required to do so based on our policies.

•    We conduct regular audits of our systems to ensure the safety and security of the personal information

•    We have established and implemented an internal management plan for the safe and secure handling of personal information

•    All personal information is encrypted, stored and managed.

•    We have installed technical measures that against hacking or viruses

RIGHTS AND RESPONSIBILITY OF DATA SUBJECTS

The information you submit to us must be accurate and updated. You are responsible for the accuracy and correctness of any personal information you provide to IWAVE, as well as for the consequences of disclosing your personal information to IWAVE and failure to provide the accurate, correct and updated personal information.

IWAVE fully recognizes that under the Applicable Laws, our customers, employees, vendors, partners, investors, shareholders and other business contacts and employees, as data subjects, are accorded the following rights:

•    Right to be informed

They have the right to demand and be informed of the details about the type of personal data, the purpose of processing, and how they are being processed by IWAVE, including its sources, recipients, methods, disclosures to third parties and their identities, automated processes, manner of storage, period of retention, manner of disposal and any changes to such processing activities before the same is undertaken.

•    Right to access

They have the right to have reasonable access to their personal data, sensitive or otherwise, upon demand. They have the right to review and amend their personal data processed by IWAVE in case there are errors.

•    Right to dispute

They have the right to dispute inaccuracy or error in personal data processed by IWAVE.

•    Right to object

They have the right to reject further processing of their personal data, including the right to suspend, withdraw, and remove their personal data in possession of IWAVE which are falsely collected or unlawfully processed.

You may access or request the correction or update of your personal information by sending an e-mail to [email protected], with your full name and the personal information you wish to access or to be corrected or updated.

Should you wish to obtain a hardcopy or printout of such personal information, any and all costs related thereto shall be for your own account.

ACCESSING LINKS TO OTHER SITES

Our mobile applications or website may provide links to other websites, which may operate independently from us. Linked sites have their own privacy notices or policies. IWAVE is not responsible for websites that are not owned or operated by us, we are not responsible for the linked sites’ content, any use of the sites, or the privacy practices thereof.

If you have accessed our online services through a link from our advertising or marketing partners, the information you provide to us through these framed web pages is collected by us, and our use of this information is governed by this Privacy Policy.

DISCLOSURE AND SHARING OF PERSONAL AND COLLECTED DATA

We do not sell or otherwise disclose or transfer personal information we collect about you, except as described in this Privacy Policy. We may share, transfer or disclose your personal information with:

•    Our subsidiaries and affiliates;
•    Third party service providers who perform services based on our instructions. These service providers are authorized to use or disclose your personal information only as may be necessary to perform services on our behalf or to comply with legal requirements.
•    Other third parties with your consent; and
•    Other third parties as allowed and limited by Applicable Laws.

We reserve the right to transfer your personal information, so as not to unnecessarily disrupt our transactions with you, in the event we sell or transfer all or a portion of our business or assets. We will use reasonable efforts to direct the transferee to use and process your personal information in a manner that is consistent with this Privacy Policy.

We may also disclose information that is necessary to comply with Applicable Laws. In addition, we may disclose any information when it is necessary to prevent physical harm or financial loss or in connection with suspected or actual illegal activity.

USE OF INFORMATION

We use the personal information collected as is. However, if necessary, we may subject the personal information to additional processing before using the same. We may use the information that we collected or that you provided to:

•    Preventing fraudulent use or unauthorized use of IWAVE’s mobile application, website and other services.
•    Process and comply with requirements of relevant government agencies.
•    Respond to your online inquiries and requests
•    Improve our online services by performing data analytics
•    Generate statistical information
•    Comply with applicable legal requirements, relevant industry standards and our policies.

We also may use your personal information in other ways for which we provide specific notice at the time of collection.

MINORS

IWAVE neither offers products or services to, nor knowingly collects personal data of persons below the age of eighteen (18) year (“Minors”) without any legal basis. Should we learn that we were provided with personal data of Minors without any legal basis, we will delete the same from our database. If you are a Minor, please do not disclose any information on this website about yourself.

WEB BROWSER COOKIES

IWAVE’s website may use cookies to enhance your experience. Your web browser places cookies on your device for record-keeping purposes and sometimes to track information about your use of our website. You may choose to set your web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, note that some parts of the website may not function properly.

DATA PROTECTION OFFICER

To oversee our privacy compliance efforts, IWAVE has appointed a Data Privacy Officer (“DPO”) to manage and safeguard the handling of our personal data processing activities. Likewise, our subsidiaries have appointed individual Compliance Officers for Privacy (“COP”) to ensure that such efforts are sustained throughout the organization as a whole.

Our DPO and COPs are fully committed to protecting the privacy rights of data subjects affected by IWAVE’s personal data processing activities and to ensuring that IWAVE as an organization promotes a culture of privacy. Should you have any concerns regarding IWAVE’s privacy practices and policies, you may reach the DPO through the following contact information:
Tel:      +63 939 920 4084
Email: [email protected]