PARALLEL ("We", "Us", or "The Firm") treats client data with the classification of "Critical Intelligence." We recognize that in the process of Citizenship by Investment (CBI) and Residency Planning, we handle the most sensitive aspects of your identity, finances, and family structure.
This Privacy Protocol outlines how we collect, use, audit, and protect your data in compliance with the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and global Anti-Money Laundering (AML) standards.
02 // Data Collection & KYC
Unlike standard commercial entities, our role as a migration consultancy requires the collection of "Special Category Data." We collect the following to fulfill legal and governmental mandates:
Identity Intelligence
- Full legal names, including aliases or previous names.
- Passport data, national ID cards, and birth certificates.
- Biometric data (fingerprints, facial scans) where required for visa processing.
Financial Intelligence (Source of Wealth)
- Bank statements, investment portfolios, and crypto-asset ledgers.
- Tax returns (personal and corporate) from all jurisdictions of residence.
- Corporate ownership structures, share certificates, and UBO (Ultimate Beneficial Owner) declarations.
- Proof of Source of Funds (SOF) to satisfy international AML regulations.
03 // Usage & Processing
Your data is not "monetized." It is processed strictly for the following operational objectives:
- Assessment: Conducting preliminary vulnerability audits to determine eligibility for specific programs (e.g., US EB-5, Portugal Golden Visa).
- Application Execution: Compiling legal dossiers for submission to immigration authorities (e.g., USCIS, AIMA, Home Office).
- Banking Compliance: Facilitating the opening of international bank accounts and escrow facilities required for investment deployment.
- Due Diligence: conducting internal background checks to ensure client profiles meet our risk appetite.
04 // Governmental & Third-Party Disclosure
By engaging PARALLEL, you acknowledge that cross-border migration requires the transmission of your data to specific external entities. We do not sell data. We transfer data solely to execute your mandate.
Mandatory Disclosures
- Government Agencies: Immigration bureaus, Ministries of Interior, and Foreign Affairs departments in your target jurisdictions.
- Banking Partners: Custodian banks and escrow agents requiring KYC/AML clearance.
- Legal Partners: Local counsel, notaries, and sworn translators in the target country.
Note: Once data is submitted to a government entity (e.g., the US Government), it becomes subject to the privacy laws and retention policies of that sovereign nation.
05 // Security Architecture
We employ institutional-grade security protocols to protect High Net Worth data:
- Encryption: Data is encrypted at rest (AES-256) and in transit (TLS 1.3).
- Access Control: We operate on a "Need-to-Know" basis. Only consultants directly managing your file have access to your financial documents.
- Data Residency: Digital assets are stored on secure, ISO 27001 certified cloud infrastructure.
06 // Client Rights (GDPR/CCPA)
Regardless of your citizenship, PARALLEL extends GDPR-standard rights to all clients:
- Right to Access: You may request a copy of all data we hold on you.
- Right to Rectification: You may correct any inaccurate data.
- Right to Erasure ("Right to be Forgotten"): You may request we delete your data.
Caveat on Deletion: Please note that we are legally required to retain specific KYC/AML records for a minimum period (typically 5-7 years) to comply with international financial regulations, even after your file is closed. This legal obligation supersedes the right to erasure.
07 // Digital Telemetry (Cookies)
We use minimal tracking technologies to ensure site functionality and security.
- Essential Cookies: Required for the secure operation of the client portal.
- Analytics: We use anonymized telemetry to understand user traffic patterns. We do not use advertising pixels or sell browsing data to ad networks.