Privacy notice

Last updated [date]

How IFS Currency Limited, trading as Yakinly, collects and uses your personal information.

1. Who we are

IFS Currency Limited is the data controller for your personal information. Contact: [privacy email] · First Floor, Unit 4 Stanton Gate, 49 Mawney Road, Romford RM7 7HL. [Data protection officer: name and contact, if appointed.]

2. What we collect

CATEGORYEXAMPLES

IdentityName, date of birth, address, ID document and selfie (only if needed)

ContactPhone number, email

PaymentYour bank account details, payments you send, references

Your loved onesName, relationship, bank or mobile wallet details, country

Device and usageApp and device information, IP address, how you use the app and website

ChecksResults of identity, sanctions, politically exposed person and fraud checks

CommunicationsMessages with our assistant and our team, call notes, complaints

3. How we use it, and why we are allowed to

PURPOSELAWFUL BASIS

Opening and running your account; sending your paymentsPerforming our contract with you

Verifying identity; anti-money laundering, sanctions and fraud checks; keeping recordsLegal obligation

Preventing fraud and protecting our customersLegal obligation and our legitimate interests

Customer support, service messages and remindersPerforming our contract

Improving our app and websiteOur legitimate interests

Marketing messagesYour consent (you can withdraw it at any time)

Non-essential cookies on the websiteYour consent (see our Cookie policy)

5. Sending information outside the UK

To deliver your payment, we must share payment details with banks and wallet providers in the receiving country. Where our service providers process data outside the UK, we use the safeguards required by UK data protection law.

6. Automated checks

We use automated checks to verify identity and to spot unusual or risky payments. If an automated check affects you significantly, our team reviews it, and you can ask us to explain the decision and give your point of view.

7. How long we keep it

We keep your information for as long as you have an account, and for [five] years after it ends, as anti-money laundering law requires. We keep some information longer only where the law requires it.

8. Your rights

You have the right to access, correct or delete your information, to restrict or object to how we use it, to data portability, and to withdraw consent. Some rights are limited where the law requires us to keep information. To use your rights, contact [privacy email].

9. Complaints about your data

Please contact us first. You can also complain to the Information Commissioner’s Office: ico.org.uk · 0303 123 1113.

10. Changes to this notice

We will update this page when we change how we use your information, and tell you about important changes.

Legal & Policies