Hyperflow Platform > Terms of services > Terms of service: PEP Status List

Terms of service: PEP Status List

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Effective from: February 1st, 2019.

The PEP List module contains two services:

  • PEP check service – PEP status lists, status verification on request,
  • Batch PEP check service – Automatic PEP verification.

PEP check service

  1. The PEP status list service is used to check whether a person occupies a prominent political position in an internal PEP person database, hereinafter referred to as the “PEP Database”.
  2. The service is available in the form of a web application on the HyperFlow platform and using the API (Webservice REST JSON).
  3. The service is available as query packages and charged for each query requested to the PEP Database, and the available amount of remaining queries is called the credit balance, or as unlimited fixed-term access*.
  4. When the service has the status Active – every fill in of non-empty value in the query form window and pressing the button Check status PEP or Enter, or send correctly technical formulated request by the API (according to the API documentation) is called sending a PEP request. The answer to the request is presented in the form of text information (for WWW Applications) or message in JSON format (for requests sent by the API).
  5. Sending a PEP request may result in a positive response (the person has PEP status) or negative (the person does not have PEP status).
  6. If the credit balance is greater than zero, each time a PEP request is sent, the number of available requests is reduced by one.
  7. The exception for point 6 is to have an active time license (fixed-term access). During an active fixed-term access, the balance of available queries does not decrease.

Batch PEP check service – Automatic PEP verification

  1. The Batch PEP check service enables cyclical, daily checking and verification on demand of a set of people in the internal PEP database.
  2. This service consists in the daily analysis of a set of people set by the user, whether they are people in exposed political positions.
  3. The service is available in two variants:
  • active automatic analyzes – daily checking of a given set of people in the PEP database,
  • verification on demand – checking a given set of people on demand.
  1. When the service has the status Active – analyzes are run in accordance with the configuration entered by the user. Turning on automatic analysis runs the analysis every day at 5.30  in the morning. Analysis on demand results in immediate analysis. In both cases, verification of each person in a given set reduces the balance of queries by 1.
  2. The analysis result is sent as a report to the e-mail address provided for the given analysis. The results of the analysis and statistics are also available on the service page and in the service history tab.
  3. The exception for point 4 is to have an active time license (fixed-term access). During an active fixed-term access, the balance of available queries does not decrease.

Module information

  1. The PEP status list service uses the internal PEP database, hereinafter referred to as the “PEP database” in accordance with the provisions of the EU Directive on AML IV (2015/849).
  2. Database PEP contains information about people with PEP status within the European Union. 
  3. The Service Provider shall periodically update its PEP Database at no additional charge. 
  4. Sending a PEP request may result in a positive response (the person has PEP status) or negative (the person does not have PEP status).
  5. The service become inactive when the number of requests (credit balance) on a given Customer Account is 0 (zero) and when period of access has expired.
  6. The service provider does not provide the entire PEP list (copies to be downloaded) as part of providing this service.
  7. The Service Provider makes every effort to ensure that the PEP Database created and updated by him is complete and up to date, but for technical and legal reasons – the Service Provider is not responsible for the situation in which the response to sending a PEP request is not in accordance with the actual state.
  8. The maximum frequency of sending PEP queries is 5 queries per second.
  9. If the queries are executed more frequently, the service may respond with the error code: “Server busy”.
  10. If you send a PEP request terminated by a Server busy or Server timeout error – the balance of available queries is not reduced. 

* – fixed-term access without requests limit – if there is more than 20,000 queries per month, service will be still active, but for ensure quality of services, the waiting time for response may be extended to 30 seconds.

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