2 IPN AUS2322 (Rev 27/05/20)
Policy (located at: www.wellsfargo.com/assets/pdf/personal/privacy-security/australia-credit-reporting-policy-
english.pdf
), handling inquiries, and managing relationships, we collect and use work contact details, position
description, authentication data, financial data, and background check data.
• To comply with legal obligations and regulations applicable to Wells Fargo and its Affiliated Entities (defined
below) in the United States and any relevant jurisdictions, including but not limited to “know your customer”
obligations based on applicable anti-money laundering and anti-terrorism requirements, economic and trade
sanctions, customer due diligence, suspicious activity reporting, foreign exchange and international trade, tax
reporting and other applicable laws, regulations, ordinances, and obligations, we collect and use work contact details,
position description, authentication data, financial data, and background check data.
• To confirm a person’s authority as a representative or agent of a Customer, Guarantor or Individual with which
Wells Fargo or its Affiliated Entities have entered or intend to enter into various arrangements, including but not
limited to guarantee arrangements, deposit contracts, loan contracts, contracts for foreign exchange transactions,
contracts for derivative transactions, and letters of credit, we collect and use work contact details, position
description, and authentication data.
• To conduct recordkeeping and otherwise manage the business, we collect and use work contact details, position
description, authentication data, financial data, and background check data.
• To conduct direct marketing, including by advising Individuals, Guarantors, and/or Customers of products and
services that may be of interest to them, we collect and use work contact details and title.
3. Disclosure of Personal Data
Wells Fargo may disclose Personal Data as follows (in each case to the extent necessary and on a need-to-know basis).
• Affiliated Entities. Wells Fargo has affiliated entities operating in the United States and around the world, including
the grou
p parent in the United States, Wells Fargo & Company, and Wells Fargo Bank, N.A. (see the most recent
Form 10-K at https://www.sec.gov/Archives/edgar/data/72971/000007297120000217/wfc-12312019xex21.h
tm for
a list of affiliated entities as of December 31, 2019) ("Affiliated Entities") (collectively, Wells Fargo and our
Affiliated Entities are the "Wells Fargo Group"). Wells Fargo may disclose Personal Data to our Affiliated Entities
on a worldwide basis, and such affiliates may use the data, for the purposes described in Section 2.
• Beneficiaries, counterparties, and other parties related to a transaction. The Wells Fargo Group may disclose
Personal Data to beneficiaries, counterparties, correspondent banks, or other parties related to a transaction on a
worldwide basis to provide the services requested by our customers and to comply with legal obligations and
regulations.
• Service providers. The Wells Fargo Group may disclose Personal Data to information technology providers or other
service providers around the world that act under our instructions regarding the processing of such data ("Data
Processors"). Data Processors will be subject to contractual obligations to implement appropriate technical and
organizational security measures to safeguard the Personal Data, and to process Personal Data only as instructed.
The Wells Fargo Group may also disclose Personal Data to third party credit reporting agencies, independent
external auditors, insurance providers, or other service providers around the world that may not be acting as a Data
Processor. Such service providers will be subject to any necessary contractual obligations regarding the protection
and processing of such Personal Data.
• Legal requirements. Subject to applicable law, the Wells Fargo Group may disclose Personal Data if required or
permitted by applicable law or regulation, including laws and regulations of the United States and other countries,
or in the good faith belief that such action is necessary to: (a) comply with a legal obligation or in response to a
request from law enforcement or other public authorities wherever the Wells Fargo Group may do business; (b)
protect and defend the rights or property of any Wells Fargo Group entity; (c) act in urgent circumstances to protect