HBUS is strongly committed to safeguarding user data entrusted to us. Account information handled and maintained by HBUS are protected by industry standard security measures such as bank-level encryption at rest and strong TLS/SSL encryption in transit. HBUS also has policies and procedures in place to ensure that your account information is accessible only to HBUS staff with a valid business need for such access.
As required by law, HBUS must, among other things, verify your identity and screen your information against authoritative lists of sanctioned or high-risk entities, and monitor your transactions with us to detect and report suspicious activities that may suggest money laundering or terrorist financing. HBUS engages the services of third parties to do so. HBUS has policies and procedures in place to ensure that we narrowly tailor the amount and type of information sent to these vendors and that the vendors are at least SOC 2 compliant.
HBUS will never engage in an arbitrary blanket disclosure of your account data to “the government.” But HBUS must share your information with our regulators, law enforcement agencies, tax authorities, and other third parties when we are compelled to do so by an official letter (such as a National Security Letter), subpoena, court order, or similar legal procedure, or when we believe in good faith that the disclosure of personal information is necessary to prevent physical harm or financial loss. HBUS must also report suspected illegal activities to relevant authorities pursuant to the Bank Secrecy Act and other related legal requirements.