Privacy Policy

In accordance with Article 13 of the Swiss Federal Constitution and the data protection regulations of the Federal Government (Data Protection Act, DSG) and also in accordance with the GDPR (General Data Protection Regulation), every person is entitled to the protection of their privacy and protection against misuse of their personal data. We comply with these terms. Personal data is kept strictly confidential and will not be sold or passed on to third parties. Please read this Privacy Policy to learn about your rights, what information we collect, how we use and protect it.

Who We Are

This Privacy Policy applies to:

LAKE Finance International Sàrl/GmbH/Ltd

HR-Nr. CH-550.1.177.303-7 UID CHE-194.231.547

Identified hereafter as “Lake Finance”, “we” or “us”.

How do we collect personal data?

We obtain personal data directly from individuals in a variety of ways, including obtaining personal data from individuals who provide us their business cards, complete our online forms, subscribe to our newsletters, register for webinars, attend meetings or events we host, visit our offices or apply for open positions. We may also obtain personal data directly when, for example, establishing a business relationship, performing professional services through a contract, or through our hosted software applications.

We obtain personal data indirectly about individuals from a variety of sources, including recruitment services and our clients. We may attach personal data to our customer relationship management records to better understand and serve our business clients, prospects, subscribers and individuals, satisfy a legal obligation, or pursue our legitimate interests.

Publicly Available
Personal data may be obtained from public registers (for exampl, Commercial Registers), news articles, sanctions lists, and Internet searches.

Social and professional networking sites
If you register or login to our websites using social media (for example, LinkedIn, Google, or Twitter) to authenticate your identity and connect your social media login information with us, we will collect information or content needed for the registration or login that you permitted your social media provider to share with us. That information may include your name and email address and depending on your privacy settings, additional details about you, so please review the privacy controls on the applicable service to set how much information you want shared with us.

Business clients
Our business clients may engage us to perform professional services which involves sharing personal data they control as part of that engagement, which may be governed by different privacy terms and policies.

Business clients
Our business clients may engage us to perform professional services which involves sharing personal data they control as part of that engagement, which may be governed by different privacy terms and policies.

Recruitment services
We may obtain personal data about candidates from an employment agency, and other parties including former employers, and credit reference agencies.

What categories of personal data do we collect?

We may obtain the following categories of personal data about individuals through direct interactions with us, or from information provided through client engagements, from applicants, our providers and through other situations including those described in this Privacy Policy.

Personal data
Personal data we commonly collect to conduct our business activities:

  • Contact details (e.g., name, company name, job title, work and mobile telephone numbers, work and personal email and postal address)
  • Professional details (e.g., job and career history, educational background and professional memberships, published articles).
  • Family and beneficiary details for mobility, official approvals and permits, insurance and pension planning services (e.g., names and dates of birth).
  • Financial information (e.g., taxes, payroll, investment interests, pensions, assets, bank details, insolvency records).

Sensitive personal data
When we do need to process sensitive personal data, it is with the consent of the individual unless it is obtained indirectly for legitimate purposes. Examples of sensitive personal data we may obtain include:

  • Personal identification documents that may reveal race or ethnic origin, religious beliefs or physical health, and possibly biometric data of private individuals, beneficial owners of corporate entities, or applicants.
  • Expense receipts submitted for individual tax or accounting advice that reveal affiliations with trade unions or political opinions.
  • Adverse information about potential or existing clients and applicants that may reveal criminal convictions or offences information.
  • Information provided to us by our clients in the course of a professional engagement.
  • Dietary restrictions when registering for events that reveal religious beliefs or physical health.

Children data
Although, our site and services are not intentionally designed for or directed at children, we may occasionally receive details about children e.g. as part of an engagement to provide professional services or children attending events we host with their parents or guardians.

Location-based data
We may process geographical locations, for example, when you are using our website to locate an office near you.

What legal grounds do we have for processing personal data?

We may rely on the following lawful reasons for collecting and using personal data to operate our business and provide services:

Contract We may process personal data in order to perform our contractual obligations.

Consent We may rely on your freely given consent at the time you provided your personal data to us.

Legitimate interests We may rely on legitimate interests based on our evaluation that the processing is fair, reasonable and balanced. These include:

  • Delivering services and products To deliver the services and products our clients have engaged us to provide.
  • Marketing To deliver timely industry insights and professional knowledge, offerings and invitations we believe are welcomed by our business clients, prospects, subscribers and other individuals.
  • Recruitment In seeking qualified candidates.

Legal obligations and public interest We may process personal data in order to meet regulatory and public interest obligations or mandates.

Why do we need personal data?

We strive to be transparent when collecting and using personal data and will tell you why we need it. Reasons may include:

  • Providing professional advice and delivering reports and services related to our tax, advisory, audit and assurance, pension scheme administration, legal, restructuring, mergers and acquisitions and other professional services and products.
  • Promoting our professional services, products and capabilities to existing and prospective business clients.
  • Sending invitations and providing access to guests attending our events and webinars or our sponsored events.
  • Personalising online landing pages and communications we think would be of interest based on interactions with us.
  • Administering, maintaining and ensuring the security of our IT systems, applications and websites.
  • Authenticating registered users to certain areas of our sites.
  • Processing online requests, including responding to communications from individuals or requests for proposals and quotations.
  • Contacting journalists regarding market insights, corporate news, invitations to press conference, highlighting messages that may be of interest on specific industry topics.
  • Travel arrangement assistance.
  • Complying with legal and regulatory obligations relating to sanctions, embargo assessment, countering money laundering, terrorist financing, fraud and other forms of financial crime.
  • Preventing fraud or criminal activity, safeguarding our IT systems and handling of claims.
  • Employment of personnel and work processes.
  • Seeking qualified candidates.

In some circumstances personal data is required to provide and sustain our services, in these cases this is indicated on the Website or pointed out in the disclaimers or contractual agreements. Furthermore, we may be required to collect certain personal data by law. If you fail to provide such data, we may not be able to provide the services, or we may have to cancel a product or service you have with us.

Do we share personal data with third parties?

No. Except when requested by law enforcement or other government and regulatory agencies (for example, FINMA) or other third parties as required by, and in accordance with, applicable laws and regulations. Swiss law regarding data protection ensures total confidentiality for individuals, and no government can have access to personal information without the approval of a judge.

Do we transfer your personal data outside Switzerland?

No. We store personal data on servers located in Switzerland with Infomaniak Network SA.
Infomaniak employees are subject to professional secrecy and maintain the strictest confidentiality over the information communicated (see Article 7 of the Infomaniak General Terms of Service).

Do we use cookies?

Yes. If you leave a comment on our site you may opt in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year.

If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser.

When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select “Remember Me”, your login will persist for two weeks. If you log out of your account, the login cookies will be removed.

If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

What are your data protection rights?

If Lake Finance processes personal information about you, you have the rights listed below. Before responding to your request, we may ask for proof of identity. This helps us to ensure that personal data is not disclosed to any person who has no right to receive it. We may also ask you for sufficient information about your interactions with us so that we can locate your personal information.

Access You can ask us to verify whether we are processing personal data about you, and if so, to provide more specific information.
Correction You can ask us to correct our records if you believe they contain incorrect or incomplete information about you.
Erasure You can ask us to delete) your personal data after you withdraw your consent to processing or when we no longer need it for the purpose it was originally collected and no retention requirements exist
Processing restrictions You can ask us to temporarily restrict our processing of your personal data if you contest the accuracy of your personal data, prefer to restrict its use rather than having us erase it.
Automated Individual Decision-making You can ask us to review any decisions made about you which we made solely based on automated processing, including profiling, that produced legal effects concerning you or which significantly affected you.
Right to Object to Marketing including Profiling You can object to our use of your personal data for marketing purposes, including profiling. We may need to keep some minimal information to comply with your request to cease marketing to you.
Right to Withdraw Consent You can withdraw your consent that you have previously given to one or more specified purposes of processing your personal data. This will not affect the lawfulness of any processing carried out before you withdraw your consent. It may mean we are not able to provide certain products or services to you and we will advise you if this is the case.

What about data security?

We have put appropriate technical and organisational security policies and procedures in place to protect personal data (including sensitive personal data) from loss, misuse, alteration or destruction. We limit access to personal data in general. Those individuals who have access to the data are required to maintain the confidentiality of such information. We may apply anonymization techniques in efforts to further protect personal data.
If you have access to parts of our websites or use our services, you remain responsible for keeping your user ID and password confidential. Please be aware that the transmission of data via the Internet is not completely secure. Whilst we do our best to try to protect the security of your personal data, we cannot ensure or guarantee the security of your data transmitted to our site; any transmission is at your own risk.

How long do we retain personal data?

We retain personal data to provide and sustain our services to you, stay in contact with you and to comply with applicable laws, regulations and professional obligations that we are subject to. We retain personal data for so long as the personal data is needed for the purposes for which it was collected or in line with legal and regulatory requirements or contractual arrangements. We dispose of personal data when it is no longer needed.

Who can you contact for privacy questions or concerns?

LAKE Finance International Sàrl
Data Privacy Officer
rue des Marchandises 12
1260 Nyon

Policy up-dates and changes

We regularly review this Privacy Policy and will post updates on this webpage. This Policy was last updated 7th March 2020.