Privacy Policy
Last updated: Oct 2025
OBAN Limited, trading as SettlePal (“we”, “us”, “our”), respects your privacy. This Privacy Policy explains how we collect, use, and protect your information when you use our services.
1. Who We Are
OBAN Limited is incorporated in the British Virgin Islands and is authorized by the BVI Financial Services Commission (FSC) as a Virtual Asset Service Provider (VASP). As a regulated entity, we are required to follow strict data protection, Know Your Customer (KYC), and Anti-Money Laundering (AML) standards.
2. Information We Collect
We may collect the following personal data:
- Identity information: name, date of birth, government-issued ID, proof of address.
- Contact information: email address, phone number.
- Financial information: wallet addresses, transaction history, deposits, and withdrawals.
- Compliance information: KYC/AML verification documents and screening results.
3. How We Use Your Information
We use your information to:
- Verify identity and complete KYC/AML checks.
- Provide and operate SettlePal’s settlement services.
- Process and settle transactions.
- Comply with legal and regulatory obligations.
- Communicate with you about your account and services.
4. Legal Basis for Processing
We process your information on the basis of:
- Performing our agreement with you (account use and settlement services).
- Complying with legal and regulatory obligations (BVI FSC rules, AML/CTF laws).
- Legitimate interests such as maintaining platform security and improving services.
5. Sharing of Information
We may share information with:
- Regulators and law enforcement where required by law.
- Service providers that assist with compliance checks, transaction processing, or secure storage.
- Professional advisers such as auditors and legal counsel.
We never sell personal data to third parties.
6. Data Retention
We keep personal data only as long as necessary to:
- Provide services and maintain records of your activity.
- Comply with legal and regulatory obligations (including AML record-keeping).
- Resolve disputes and enforce agreements.
When no longer needed, data is securely deleted or anonymized.
7. Security
We use technical and organizational safeguards to protect your data. While no system is entirely risk-free, we apply appropriate measures to reduce the likelihood of unauthorized access or loss.
8. Your Rights
Depending on your jurisdiction, you may have the right to:
- Access your personal data.
- Request correction of inaccurate data.
- Request deletion of data, subject to retention obligations.
- Restrict or object to processing in certain cases.
Requests can be sent to us at the contact details below.
9. Contact Us
For questions about this Privacy Policy or your data rights, contact:
OBAN Limited (trading as SettlePal)
Authorized VASP under the BVI FSC
📧 info@settlepal.com
10. Updates
We may update this Privacy Policy from time to time. Changes will be posted on this page with a new “last updated” date. Continued use of our services after updates means you accept the revised policy.
