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Companies are allowed to keep data necessary for their other statutory obligations, like taxes or KYC. Otherwise it'd be a get out of jail free card for fraudst
by dgroshev 4y ago
Companies are allowed to keep data necessary for their other statutory obligations, like taxes or KYC. Otherwise it'd be a get out of jail free card for fraudsters and sanction evaders.
- yardstick 4y agoSure, but the op suggestion to delete the account should mean deleting any email marketing permissions, which are not necessary for KYC or taxes.
- RobAley 4y agoYes, but they're only allowed to use the data for the (legitimate) purpose it was retained. If you ask them not to retain/use it for marketing purposes, they can still retain it for statutory purposes but they can then only use it for that (not for sending you advertising emails etc.)
- dgroshev 4y agoYou are right, I misread the gp, my bad.