Legal Regulations, Compliance and Invest

Business Name

PAAS Financial Ltd.

Company Officer Names

1. P

2. A

3. A

4. S

Describe the nature of the business.

PAAS financial Ltd. is your local community banking service that believes in providing a customer first experience to its clients. A small family oriented community banking established in the 1990s by 4 four partners P,A,A and S with each of their initials constructing to form PAAS, has seen the trust of its customer base and expanded to 12 more locations providing an easy access and quick financial advisory experience to its clients. The company’s main concentration in the 2020 fiscal year is to provide a secure payment channel to its customer base through its online portal and its mobile application platform, thus ensuring that the customers have a secure, yet easy-to-access financial experience at anytime from anywhere.

List three reasons why privacy is important to your company.

1. Privacy ensures that our business operations are in accordance with the Federal and State Financial regulations.

2. Privacy with regards to our customer’s data ensures that we are protecting their personal information and thus ensuring compliance with the PII (Personally Identifiable Information), and ensures protection of customer related FTI (Federal Tax Information)

3. With regards to our online portal and mobile platform transactions, privacy of data which in turn enforces the security of our business applications, ensures that we are in compliance with the Payment card industry Data Security Standard (PCI DSS)