This Privacy Policy explains how MIBOND Global, LLC (d/b/a M1 Global) (”MIBOND Global, LLC” “we,” “us,” or “our”) collects, uses, and shares information when you use the Lomalo digital wallet (”Lomalo” or the “App”). “Lomalo” is a brand and marketing name operated by MIBONDGlobal LLC (d/b/a M1 Global). All references to “Lomalo” in this document refer to the digital wallet service developed, owned, and managed by MIBOND GlobalLLC. The company is the sole legal entity responsible for the app, its data, and its operations.
By using Lomalo, you agree to the practices described in this Privacy Policy.
1. Information We Collect
We may collect the following types of information when you use Lomalo:
- Usage Data: Information about your use of the App, including transaction history, dates, and amounts.
- Device Data: Technical information about the device you use to access Lomalo (such as device type, operating system, IP address).
- Account Data: Information you provide when registering, including your name, country of origin, and contact information.
2. How We Use Information
We use collected information to:
- Operate and improve Lomalo’s functionality and security
- Process transactions and maintain accurate records
- Monitor and prevent fraud, misuse, and unlawful activity
- Comply with legal obligations under the laws of the Republic of the Marshall Islands
3. Sharing of Information
We may share your information with the Government of the Republic of the Marshall Islands and International enforcement agencies, as required by Marshall Islands law, including for:
- Anti-money laundering (AML)
- Countering the financing of terrorism (CFT)
- Customer due diligence (CDD)
We may also share information with service providers who help us operate Lomalo. These parties are bound by confidentiality obligations.
4. Data Security
We take reasonable technical and organizational measures to protect your information. However, no method of digital transmission or storage is fully secure. You acknowledge the inherent risks of using electronic communications and digital networks.
5. Your Choices
You may stop using Lomalo at any time by deleting the App.You may contact us to request access to or correction of your personal information.
6. Retention
We retain your information as long as required by law and as necessary to operate Lomalo and comply with regulations under the Republic of the Marshall Islands law.
7. Changes to This Policy
We may update this Privacy Policy from time to time. If we make material changes, we will provide notice in the App or by other appropriate means.
8. Contact Us
If you have questions about this Privacy Policy or our data practices, please contact: compliance@m1global.xyz