Terms of service: PEP Status List

Terms of ServicehyperflowLeave a comment, ,

Effective from: February 1, 2019.

The PEP List module contains two services:

  • PEP check service – PEP status list, 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 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 via the API (REST JSON web service).
  3. The service is available as query packages and is charged for each query sent to the PEP Database (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, filling in a non-empty value in the query form and pressing the Check PEP status button or Enter, or sending a correctly formulated request via the API (in accordance with the API documentation), is referred to as sending a PEP request. The answer is presented as text information (in the web application) or as a JSON message (for requests sent via the API).
  5. Sending a PEP request may result in a positive response (the person has PEP status) or a negative one (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 to point 6 is having an active time licence (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 defined by the user, checking whether they hold exposed political positions.
  3. The service is available in two variants:
  • active automatic analyses – 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, analyses are run in accordance with the configuration entered by the user. Turning on automatic analysis runs the analysis every day at 5:30 a.m. Analysis on demand is performed immediately. In both cases, the 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 email 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 to point 4 is having an active time licence (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 EU Directive 2015/849 (AML IV).
  2. The PEP Database contains information about people with PEP status within the European Union.
  3. The Service Provider periodically updates its PEP Database at no additional charge.
  4. Sending a PEP request may result in a positive response (the person has PEP status) or a negative one (the person does not have PEP status).
  5. The service becomes inactive when the number of requests (credit balance) on a given Customer Account reaches 0 (zero) or when the access period has expired.
  6. The Service Provider does not provide the entire PEP list (copies for download) as part of this service.
  7. The Service Provider makes every effort to ensure that the PEP Database created and updated by it is complete and up to date, but for technical and legal reasons the Service Provider is not responsible where the response to a PEP request does not reflect the actual state.
  8. The maximum frequency of sending PEP queries is 5 queries per second.
  9. If queries are executed more frequently, the service may respond with the error code “Server busy”.
  10. If you send a PEP request that ends with a Server busy or Server timeout error, the balance of available queries is not reduced.

* – fixed-term access with no query limit: above 20,000 queries per month the service remains active, but to ensure service quality the response waiting time may be extended to 30 seconds.

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