PRIVACY & SECURITY
We are committed to ensuring that your information is secure. In order to prevent unauthorised access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
- All credit/debit cards details and personally identifiable information will NOT be stored, sold, shared, rented or leased to any third parties.
- The Website Policies and Terms & Conditions may be changed or updated occasionally to meet the requirements and standards. Therefore the Customers’ are encouraged to frequently visit these sections in order to be updated about the changes on the website. Modifications will be effective on the day they are posted.
- Some of the advertisements you see on the Site are selected and delivered by third parties, such as ad networks, advertising agencies, advertisers, and audience segment providers. These third parties may collect information about you and your online activities, either on the Site or on other websites, through cookies, web beacons, and other technologies in an effort to understand your interests and deliver to you advertisements that are tailored to your interests. Please remember that we do not have access to, or control over, the information these third parties may collect. The information practices of these third parties are not covered by this privacy policy
- www.theclosetonlineshop.com will NOT deal or provide any services or products to any of OFAC (Office of Foreign Assets Control) sanctions countries in accordance with the law of UAE.
- Multiple shipments/delivery may result in multiple postings to the cardholder’s monthly statement.
ANTI-MONEY LAUNDERING (AML) POLICY
- Introduction.
This Anti-Money Laundering (AML) Policy outlines the commitment of our ecommerce luxury retailer to combat money laundering, terrorist financing, and other illicit activities. Our company is dedicated to maintaining the highest ethical standards and compliance with applicable laws and regulations. This policy serves as a framework to prevent the misuse of our platform for money laundering purposes.
- Transaction Monitoring.
We implement transaction monitoring systems and processes to identify and report suspicious activities. These systems utilize advanced analytics and algorithms to detect patterns and anomalies indicative of potential money laundering. Our team regularly reviews and investigates flagged transactions and promptly reports any suspicious activity to the relevant authorities.
- Legal Compliance.
We are integrated with Stripe’s Payment Gateway on our Shopify CMS platform. Stripe processes Personal Data to verify the identity of individuals and entities in order to comply with fraud monitoring, prevention and detection obligations, laws associated with the identification and reporting of illegal and illicit activity, such as "Anti-Money Laundering ("AML") and Know-Your-Customer ("KYC")" obligations, and financial reporting obligations. For example, we may be required to record and verify a User’s identity for the purpose of compliance with legislation intended to prevent money laundering and financial crimes. These obligations are imposed on us by the operation of law and may require us to report our compliance to third parties, and to submit to third party verification audits.
