Vield's Regulatory Obligations
Vield Capital Pty Ltd is registered with AUSTRAC as a Digital Currency Service Provider (DCE100809730-001) and operates as a Credit Representative (No. 553950) under Australian Credit License No. 526970.
These registrations require us to comply with:
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth)
- Privacy Act 1988 (Cth)
- Australian Privacy Principles
- National Consumer Credit Protection Act 2009
What Information We Collect
To comply with regulatory requirements and provide our services, we collect:
Personal Information:
- Full name, date of birth, residential address
- Email address and phone number
- Government-issued identification documents
- Employment status and income information
Financial Information:
- Bank account details
- Cryptocurrency wallet addresses
- Loan application details and affordability assessments
- Transaction history
Business Information (for commercial loans):
- Company details (ABN/ACN, registered name)
- Business structure and ownership information
- Director and beneficial owner details
How We Use Your Information
We use your information to:
- Verify your identity and comply with KYC requirements
- Assess your loan application and affordability
- Provide and manage your loan account
- Process repayments and manage collateral
- Comply with AML/CTF and other legal obligations
- Communicate with you about your account
- Detect and prevent fraud
- Improve our services
Who We Share Information With
We share your information with:
Verification Providers:
- FrankieOne (Frankie Financial Pty Ltd)
- BronID (Brontech Pty Ltd)
These providers verify your identity against government databases and are bound by their own privacy policies.
Credit Licensee:
- LSL Alternative Credit Pty Ltd (the issuer of your loan)
Regulatory Bodies:
- AUSTRAC (for AML/CTF reporting, if required)
- ASIC (if required)
- Law enforcement agencies (when legally required)
Service Providers:
- Custody providers (Zodia Custody for asset security)
- Payment processors
- Technology infrastructure providers
We do not:
- Sell your personal information
- Share your information for marketing purposes
- Disclose your information without legal basis
AML/CTF Compliance
As a registered Digital Currency Service Provider, Vield is required to:
Verify Customer Identity:
- Conduct KYC checks on all customers
- Verify identity using government-issued documents
- Conduct ongoing customer due diligence
Monitor Transactions:
- Monitor for suspicious activity
- Report suspicious matters to AUSTRAC
- Maintain transaction records for 7 years
Screen Customers:
- Check against sanctions lists and watchlists
- Conduct enhanced due diligence for high-risk customers
Data Security
We protect your information through:
- Encryption: Data is encrypted in transit and at rest
- Access controls: Limited access to authorized personnel only
- Secure storage: Data stored on secure, Australian-based servers
- Regular security audits: Ongoing security assessments and updates
- Staff training: Regular privacy and security training for all staff
Your Privacy Rights
Under Australian Privacy Principles, you have the right to:
- Access: Request access to your personal information
- Correction: Request correction of inaccurate information
- Deletion: Request deletion of your information (subject to legal retention requirements)
- Complaint: Lodge a complaint about privacy handling
To exercise these rights, contact us at support@vield.io.
Data Retention
We retain your information for:
- Active accounts: Duration of your relationship with Vield
- Closed accounts: 7 years from account closure (AML/CTF requirement)
- Loan records: 7 years from loan closure (credit legislation requirement)
Privacy Policy
For complete details on how we handle your information, read our full Privacy Policy available at www.vield.io or contact support@vield.io to request a copy.
Contact
Privacy Officer
Vield Capital Pty Ltd
Suite 202 165-167 Phillip Street Sydney NSW 2000
Email: support@vield.io
Phone: (02) 9157 9669