Hello,
This padding is stipulated by this code:
body .terms-privacy-policy .checkbox .woocommerce-gzd-reg_data_privacy-checkbox-text {
padding-left: 30px;
}
https://gyazo.com/07ba158ccc0ccc5ce370d2969198d490
Check you Theme settings > Custom CSS if you find it, and remove.
If you do not find it, add this code to Theme settings > Custom CSS > Global
body .terms-privacy-policy .checkbox .woocommerce-gzd-reg_data_privacy-checkbox-text {
padding-left: 0!important;
}
Best Regards