Data protection

Unofficial translation provided for information purposes.

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Provisions by Organic Law 15/1999 of 13 December and its implementing regulations, including those referred to the cases in which consent of the interested party on data processing are not required, are applicable to the Centralized Banking Account Register (FTF, from its initials in Spanish). However, credit institutions will inform holders, representatives and authorized persons of the data transfer to the Register.

In accordance to article 32 of Law 10/2010 of 28 April on the prevention of money laundering and terrorist financing, rules laid down in Law 15/1999 referring to the exercise of rights of access, rectification, cancellation and opposition shall not apply to the personal data files and processing created and managed by Sepblac, FTF included, in the performance of its functions.

The high-level security measures established in data protection regulations shall be applicable to the FTF.

Data on accounts and deposits shall be deleted ten years after the cancellation of any product. In the case of data referred to the account holders, the same term of 10 years shall be applied from the product cancellation or from the end of the relationship with the product.

The Spanish Data Protection Agency shall hold over the FTF all powers conferred by the personal data protection legislation and, in particular, the power of sanctioning.