financial privacy
[/faɪˈnænʃəl ˈpraɪvəsi/]
noun
privacidade financeira
1. The right and practice of keeping financial information, transactions, and personal monetary details confidential and protected from unauthorized access or disclosure
Financial privacy is essential for protecting your bank account information from identity theft.
A privacidade financeira é essencial para proteger as informações de sua conta bancária contra roubo de identidade.
2. Legal protection and confidentiality standards that govern the collection, use, and sharing of personal financial data by institutions
Banks have strict financial privacy policies to comply with government regulations.
Os bancos têm políticas rigorosas de privacidade financeira para cumprir as regulamentações governamentais.
3. The ability to conduct financial transactions and maintain banking relationships without unwarranted government or corporate surveillance
Many citizens are concerned about financial privacy in the age of digital banking.
Muitos cidadãos estão preocupados com a privacidade financeira na era da banca digital.
Financial privacy is a highly valued concept in both Brazilian and American cultures, particularly following increased concerns about data breaches and identity theft. In Brazil, 'sigilo bancário' (banking secrecy) has historical and legal significance, especially in relation to government oversight. In the USA, financial privacy is protected under multiple federal laws including the Gramm-Leach-Bliley Act. The term has gained importance with the rise of fintech, digital banking, and cryptocurrency discussions.
Related Idioms & Phrases
keep your financial affairs private
financial privacy laws
right to financial privacy
breach of financial privacy
financial privacy protection
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