Privacy Policy – AI Wealth Capital
1. Introduction
AI Wealth Capital is a protected cell of Blue Aster Capital Fund Protected Cell Company B.S.C. (“Blue Aster PCC”). The structure is operated by Blue Aster Capital B.S.C., which is licensed by the Central Bank of Bahrain (CBB) as a Category 4 Investment Firm. References to “AI Wealth Capital”, “we”, “us”, or “our” refer to the protected cell operating under this regulated umbrella.
This Privacy Policy explains how we collect, use, store, share, and protect your personal information through our website, business processes, and services. In compliance with the applicable data protection regulations of the Kingdom of Bahrain, Blue Aster Capital B.S.C. acts as the Data Manager for any personal data collected in connection with AI Wealth Capital.
This policy should be read together with any product-specific disclosures, service agreements, or terms provided separately. By using our services or accessing our website, you acknowledge and consent to the practices described herein.
2. Key Definitions
Personal Data: Any information relating to an identified or identifiable person or entity (e.g., name, ID/passport number, email, financial details).
Sensitive Personal Data: Data revealing political opinions, religious beliefs, health data, criminal records, or biometric data such as CCTV footage or call recordings.
Data Manager: The entity (here, Blue Aster Capital B.S.C.) that determines the purposes and methods of processing your data.
Data Processor: Any entity or individual processing data on behalf of the Data Manager.
3. Scope
This Privacy Policy applies to:
Visitors to our website (www.aiwealthcap.com)
Investors or prospective investors in AI Wealth Capital (a protected cell of Blue Aster PCC)
Individuals interacting with us directly or through third-party service providers
Parties providing information under legal, compliance, or operational obligations
4. What Information We Collect
We collect data under the following categories:
A. Information Provided by You
Personal identifiers: Name, nationality, ID/CPR/passport number
Contact information: Address, phone, email
Financial details: IBAN, income, bank records, wealth details
Legal entity information (for institutional investors): Incorporation documents, shareholder information, UBOs
Sensitive personal data: Photos, video surveillance (CCTV), call and chat recordings
KYC/AML documentation: Signatories, PEP status, MOA/AOA, tax residency declarations
B. Automatically Collected Data
Website analytics: IP address, browser type, device ID, cookies
Usage patterns: Log-ins, clicks, session data
C. Third-Party Data
World check databases, credit agencies, government databases
Legal and compliance records (e.g., court records, AML/KYC screenings)
References from banks and intermediaries
5. Purpose of Processing
Your personal data is used for:
Regulatory compliance (e.g., KYC, AML, FATCA/CRS)
Fund subscription and administration
Legal and risk management
Internal analytics and service improvements
Marketing communications (only with your consent)
Security monitoring (e.g., CCTV, call records)
Responding to legal obligations and court orders
6. Legal Basis for Processing
We process data based on:
Consent (where explicitly obtained)
Performance of contractual obligations (e.g., subscription to AI Wealth Capital)
Legal/regulatory requirements
Legitimate interest in operating our business (balancing your rights)
7. Marketing & Communication Preferences
Opt-in: We will seek explicit opt-in for marketing communications.
Third-party marketing: We will never share your data with third parties for marketing without consent.
Opt-out: You can unsubscribe anytime using the links in our communications or by contacting us directly.
8. Data Sharing and Transfers
We may share your information with:
Blue Aster Capital B.S.C. (Data Manager)
Regulatory authorities (CBB, tax authorities)
Affiliated service providers (legal, custodians, IT, auditors)
Third-party processors (bound by contract and confidentiality)
Other parties if required by law or with your consent
Cross-border Transfers: Your data may be transferred outside Bahrain, but only where adequate data protection measures (such as contractual safeguards) are in place.
9. Data Security
We implement robust security measures including:
Encryption
Access controls
Secure backups
Monitoring for data breaches
While we maintain high standards of security, no system is infallible. We follow legal requirements for breach notification where applicable.
10. Data Retention
We retain personal data for as long as necessary to:
Fulfill the purposes for which it was collected
Comply with applicable laws and regulations (e.g., CBB retention requirements)
Defend or establish legal claims
Data is securely deleted or anonymized when no longer required.
11. Your Data Protection Rights
You have the right to:
Access: Request a copy of your data
Rectification: Correct inaccurate or outdated data
Erasure: Request deletion under certain conditions
Object: Object to direct marketing or certain processing
Withdraw consent: At any time (note: may affect service provision)
File a complaint: With the Bahraini data protection authority
Requests may require proof of identity.
12. Updates to This Privacy Policy
13. Contact Us
For questions or to exercise your rights, contact:
Email: info@aiwealthcap.com