Common use of Professional secrecy Clause in Contracts

Professional secrecy. The confidential data processed by the Bank in the context of these terms and conditions, including Personal Information, may be communicated to, and used by, HSBC Group entities or third parties (in particular: authorities, subcontracting companies, consultants, etc.), for the purposes hereof and for commercial actions by the Bank and HSBC Group companies. The Bank may also communicate the Client’s confidential data in order to meet its legal, fiscal or regulatory obligations and communicate to other HSBC Group entities the confidential data necessary for the purposes of managing the risk relating to Financial Crime within the HSBC Group and for the Risk Management Activities relating to Financial Crime as defined herein. In all these cases, the Bank will then be released from its obligation of professional secrecy.

Professional secrecy. The confidential data processed by the Bank in the context of these terms and conditions, including Personal Information, data may be communicated to, and used by, HSBC Group entities or third parties (in particular: authorities, subcontracting companies, consultants, etc.), for the purposes hereof and for commercial actions by the Bank and HSBC Group companies. The Bank may also communicate the Client’s confidential data in order to meet its legal, fiscal or regulatory obligations and communicate to other HSBC Group entities the confidential data necessary for the purposes of managing the risk relating to Financial Crime within the HSBC Group and for the Risk Management Activities relating to Financial Crime as defined herein. In all these cases, the Bank will then be released from its obligation of professional secrecy.

Professional secrecy. The confidential data processed by the Bank in the context of these terms and conditionsthis agreement, including Personal Information, may be communicated to, and used by, HSBC Group entities or third parties (in particular: authorities, subcontracting companies, consultants, etc.), for the purposes hereof and for commercial actions by the Bank and HSBC Group companies. The Bank may also communicate the Client’s confidential data in order to meet its legal, fiscal or regulatory obligations and communicate to other HSBC Group entities the confidential data necessary for the purposes of managing the risk relating to Financial Crime within the HSBC Group and for the Risk Management Activities relating to Financial Crime as defined herein. In all these cases, the Bank will then be released from its obligation of professional secrecy.