Acceptable Use Policies – Terms And Conditions – Anti Money Laundering
Terms and conditions
Auto money laundering
General declaration regarding AML, CFT and KYC for PSP Payment ( Selskabet Fem ApS ) The battle against money laundering (AML) and terrorist financing (CFT) is an ongoing and continuous process. Since criminals require financial services in order to launder the proceeds of and fund their criminal activities, payment service providers must be able to identify and understand the potential risks of their services being used for money laundering and/or terrorist financing, and implement appropriate administrative processes to prevent, or at least minimize, such risks. Proper Know-Your-Customer (KYC) practices are central. A strong knowledge of the customer provides a basis for understanding the general activities in which a customer usually would be expected to engage. This gives the payment service provider an opportunity to detect unusual and suspicious activities, investigate these appropriately, and alert relevant authorities when required. In light of our changing environment, it is of great importance that payment service providers and other financial institutions continually evaluate the strength and relevance of their existing policies, procedures and employee training programs and, if necessary, update them to address these changes. Money laundering and terrorism not only harm the public as a whole but can also damage the stability and reputation of the financial sector. It is obviously in society’s best interests that all reasonable measures to prevent money laundering and terrorist financing are taken. Our Anti-Money Laundering and Anti-Terrorist Financing Philosophy It is of great importance that payment service providers act to combat the risks of money laundering and assist governments in the identification of potential terrorist funding activities. Below follow some of the things we do within PSP Payment ( Selskabet Fem ApS ) : PSP Payment ( Selskabet Fem ApS ) has adopted an Anti-Money Laundering and Anti-Terrorist Financing Policy that requires PSP Payment ( Selskabet Fem ApS ) to develop and implement effective AML and CFT programs in compliance with applicable laws; Our Compliance Officer is responsible for developing and applying policies, practices and procedures to prevent money laundering and the financing of terrorist activities. We have established procedures and routines regarding Know-Your-Customer and Customer due diligence which, for example, comprise identifying the customer and verifying the customer’s identity on the basis of documents, data or information obtained from a reliable and independent source (such as public records) and, where applicable, the beneficial owner. We have established implementation of appropriate controls, regulations and compliance procedures; Furthermore PSP Payment ( Selskabet Fem ApS ) pays special attention: to understanding the ownership and control structure of our customers, to obtaining information on the purpose and intended nature of business relationship, and,to monitoring business relationships, including scrutiny of transactions to ensure consistency of transactions with obtained information about purpose and intended nature of business relationship; If a customer’s reasons for a transaction/activity are not clear or understandable PSP Payment ( Selskabet Fem ApS ) takes measures in order to prevent money laundering or terrorist financing. We rely on those closest to our customers – local branch managers, relationship managers and customer service personnel – to understand fully with whom we are doing business and to ensure that the business we conduct on behalf of our customers is legitimate; We have developed and continue to update policies and procedures that meet or exceed applicable legal and regulatory requirements, and continuously train employees in them;We have established processes to assist governments in identifying relevant information with regard to suspected terrorist and money-laundering entities or individuals identified by government agencies (e.g. EU’s and OFAC’s sanction list). Furthermore we fully co-operate with law enforcement and regulatory agencies to the extent that is possible in regard to applicable regulation. We have developed procedures that assist in the monitoring of transactions for the purpose of identifying possible suspicious activity; We recognize that preventing money laundering and identifying possible terrorist financing activities is an ongoing process that involves constant diligence and the ability to keep pace with the ever more sophisticated schemes employed by criminals; We have established employee training programs to educate and assist employees in the ways of preventing anti-money laundering and anti-terrorist financing transactions;PSP Payment ( Selskabet Fem ApS ) does not allow direct use of correspondent accounts by third parties (payable through account) to transact business on their own behalf; and PSP Payment ( Selskabet Fem ApS ) does not allow anonymous accounts. PSP Payment ( Selskabet Fem ApS ) continuously updates its policies and procedures, systems and technology, and we are training our staff to assure that we are well equipped to combat money laundering and other financial crimes and assist governments in the war on terrorism. All this is done in accordance with national legislation and international recognized standards and regulations. We are fully committed to remaining constantly alert to prevent the use of our products and services by those who would abuse them.
Acceptable use policies
All clients of PSP Payment ( Selskabet Fem ApS ) agree to abide by the following policies. PSP Payment ( Selskabet Fem ApS ) reserves the right to change and update these policies as it sees necessary. Introduction: The primary purpose of PSP Payment ( Selskabet Fem ApS ) is to facilitate and manage access to clients’ products and services for consumers. It is PSP Payment ( Selskabet Fem ApS )’s intention to accept payment from consumers for access to clients’ products or services with minimal or no interference from PSP Payment ( Selskabet Fem ApS ). However, many banks have specific guidelines for use of their accounts. In addition, many Service Providers also have specific guidelines pertaining to general use of the Internet. As the Internet expands, it is increasingly common for an Internet Service Provider, such as PSP Payment ( Selskabet Fem ApS ), to be blocked from use of another organization’s systems due to violations of that system’s AUP. Because PSP Payment ( Selskabet Fem ApS ) runs multi-user systems, client actions can have a severe impact on other clients’ ability to use the system(s). This is unfair to all PSP Payment ( Selskabet Fem ApS ) users. To this end, PSP Payment ( Selskabet Fem ApS ) has developed these Acceptable Use Policies. They are intended to inform the client of what PSP Payment ( Selskabet Fem ApS ) considers being acceptable conduct in relation to the Internet, and of what actions we may take, with or without notice, in the event that PSP Payment ( Selskabet Fem ApS ) becomes aware of inappropriate use of its services. This AUP will be used to help PSP Payment ( Selskabet Fem ApS )’s system administrators’ deal with complaints from users of PSP Payment ( Selskabet Fem ApS ) or other Internet-connected systems, and to determine when action should be taken. It is expected that the client will follow the policies set forth herein. These policies are drawn from applicable law and generally accepted standards of Internet conduct, and are intended to ensure protection of PSP Payment ( Selskabet Fem ApS )’s technical resources, ability to continue to provide high quality service to the client, and protect PSP Payment ( Selskabet Fem ApS )’s reputation as a service provider.
Acceptable use policies – security
The client is responsible for all use of their account(s) and confidentiality of password(s), including choosing safe passwords and ensuring file protections are set correctly. PSP Payment ( Selskabet Fem ApS ) will suspend or change access to your PSP Payment ( Selskabet Fem ApS ) client account(s) immediately upon notification by you that your password has been lost, stolen or otherwise compromised. PSP Payment ( Selskabet Fem ApS ) is not liable for any usage and or charges prior to PSP Payment ( Selskabet Fem ApS ) making the necessary account alteration. Electronic mail on this system is as private as PSP Payment ( Selskabet Fem ApS ) can make it. The client is reminded that no computer network can ever be considered completely safe from intrusion. E-mail may pass through many computer systems, and should not be considered a secure means of communication unless encrypted – and even encrypted information is only as secure as the encryption method utilized.
Acceptable use policies – non-transferability of account
The right to use PSP Payment ( Selskabet Fem ApS ) payment services is not transferable. Use of PSP Payment ( Selskabet Fem ApS ) services is expressly limited to the individual or business whose name appears on the contract, and is further limited to the products, services, and websites approved by PSP Payment ( Selskabet Fem ApS ) when entering into the contract.
Acceptable use policies – unacceptable conducts
The following types of conduct are grounds for immediate suspension of service pending investigation by PSP Payment ( Selskabet Fem ApS ) and may result in termination of any and all accounts held by the individual, corporation, or website associated with these violations. You will also be held responsible for the actions of your business relationships (Referrers, Associates, etc.) that impact PSP Payment ( Selskabet Fem ApS ). Your cooperation is necessary to insure that those involved in these relationships comply with PSP Payment ( Selskabet Fem ApS )’s AUP and those of PSP Payment ( Selskabet Fem ApS )’s providers. If they violate any of the following policies, PSP Payment ( Selskabet Fem ApS ) expects you to make certain that they immediately cease the noncompliant action or that you discontinue your association with them. Continuing violations by your business relationships may result in PSP Payment ( Selskabet Fem ApS ) at its discretion having to terminate payment to your business relationships or PSP Payment ( Selskabet Fem ApS )’s agreement with you. 3.1 Spamming or Harassment 3.1.1 Posting a single article or substantially similar articles to an excessive number of newsgroups (i.e., more than 20) or continued posting of articles which are off-topic according to the newsgroup charter, or which provoke complaints from the regular readers of the newsgroup for being inappropriate). 3.1.2 Sending unsolicited mass E-mailings (i.e., to more than 25 users) that provoke complaints from the recipients. 3.1.3 Engaging in either (1) or (2) from a provider other than PSP Payment ( Selskabet Fem ApS ) to draw attention to a website housed within PSP Payment ( Selskabet Fem ApS )’s networks or covered by PSP Payment ( Selskabet Fem ApS )’s agreement with the client. 3.1.4 Engaging in abuse or harassment of other individuals on the Internet after being asked to stop by those individuals and/or by PSP Payment ( Selskabet Fem ApS ). 3.1.5 Mail bombing, i.e., sending large volumes of unsolicited E-mail to individuals or to individual business accounts. 3.1.6 Impersonating another user or otherwise falsifying one’s user name in Email, Usenet postings, on Internet Relay Chat (IRC), or with any other Internet service. (This does not preclude the use of nicknames in IRC or the use of anonymous retailer services.) 3.2 Network Unfriendly or Illegal Activity 3.2.1 Attempts, whether successful or not, to gain access to any other system or users’ private data without express consent of the user. 3.2.2 Attempts to interfere with the regular workings of PSP Payment ( Selskabet Fem ApS )’s systems or network connections or which adversely affect the ability of other people or systems to use PSP Payment ( Selskabet Fem ApS )’s services or the Internet. 3.2.3 Any unauthorized attempts by a user to gain access to any account not belonging to that user on this or any other of PSP Payment ( Selskabet Fem ApS )’s systems. 3.2.4 Any activity, which violates any local, state, U.S., or international law or regulation. 3.3 Violation of PSP Payment ( Selskabet Fem ApS ) Policy 3.3.1 Any attempt to bypass or remove PSP Payment ( Selskabet Fem ApS )’s name, logo, or customer support link from Internet signup pages hosted by PSP Payment ( Selskabet Fem ApS ). 3.3.2 Sale using payment services provided by PSP Payment ( Selskabet Fem ApS ) of any products or services, or sale from any physical shop or Internet website, that has not been approved by PSP Payment ( Selskabet Fem ApS ). 3.3.3 Failure to provide products or services sold to customer in either a trial transaction, regular transaction, or recurring transaction. 3.3.4 Sale of any products or reproduction or transmission of any material in violation of any local, state, national, or international law or regulation. PSP Payment ( Selskabet Fem ApS ) makes every attempt in such cases to work with law enforcement agencies to provide information about the providers and purchasers of such products or material. This includes the posting or display of any image or wording instructing users how to make or perform devices or situations that may violate any state, national, or international law. 3.3.5 PSP Payment ( Selskabet Fem ApS ) will not process for physical shops or Internet websites advertising or selling the following: 1) buyers’ clubs or membership clubs; 2) credit counseling or credit repair services; 3) direct marketing or non-internet type subscription merchants; 4) infomercial merchants; 5) multi-level marketing businesses; 6) outbound telemarketers; 7) prepaid phone cards or prepaid phone services; 8) rebate-based businesses; 9) “Up-Sale” merchants; 10) free grants or grant giveaways; 11) cash, money-making opportunities, or making money at home opportunities; 12) “cash for opinions”; 13) grant/cash money making schemes; or 14) Pharmaceutical Informational Sites or any site that offer information and/or services in relation to the purchasing of Pharmaceutical drugs. 3.3.6 Using a sub-account and its signup form for a website or physical shop that has been approved to process for another URL or physical shop that is not registered to that sub-account and approved by PSP Payment ( Selskabet Fem ApS ). 3.3.7 The posting or display of any image or wording related to any website running, participating, or advertising acts allowing any US subscribers to bet or gamble on an uncertain outcome, or to play a game of chance for stakes. 3.3.8 Any attempt to display, sell, or transfer materials that violate or infringe any copyright, trademark, right of publicity, patent, statutory, common law or proprietary rights of others, or contain anything obscene, libelous or threatening. 3.3.9 Display of the trade or service marks of any banks working with PSP Payment ( Selskabet Fem ApS ) on any webpage or on any physical display material is specifically prohibited without the express written permission of PSP Payment ( Selskabet Fem ApS ) and the bank. 3.4 Violation of PSP Payment ( Selskabet Fem ApS ) Policy for Internet Merchants 3.4.1 PSP Payment ( Selskabet Fem ApS ) will only process for escort sites if the site is acting in a directory (i.e.: phone book) capacity. PSP Payment ( Selskabet Fem ApS ) will not process for websites selling escort services. 3.4.2 The posting, display, or advertising of any image using a model or models under the age of 18 years anywhere on the website whether the models are clothed or unclothed. 3.4.3 Marketing the website anywhere on the website, including the URL and meta tags, utilizing content including “Kids”, “Lolita”, “Pedo”, “Peta”, “Peto”, Pre-teen”, ”Pedophile”, “Underage”, “Child” or any other words, images, or descriptions that would lead someone to believe that the models are less than 18 years of age. 3.4.4 The posting or display of any image or wording depicting or related to extreme violence, incest, snuff, scat or the elimination of any bodily waste on another person, mutilation, or rape anywhere on the website, including the URL and meta tags. 3.4.5 The posting or display of any image or wording depicting or related to bestiality anywhere on the website, including the URL and Meta tags. 3.4.6 Adult websites must comply with the 18 U.S.C. 2257. Clients must determine their legal responsibility to and method of complying with 18 U.S.C. 2257 where required to do so. 3.4.7 Any attempt to mislead the consumer as to the website’s content or actual initial or recurring pricing of the products and services provided. 3.4.8 Failure to place a clear disclosure of trial periods and any recurring charges conspicuously on the website. 3.4.9 If Client chooses to utilize a recurring billing option for sites containing members’ areas, the members’ area must be updated in a time frame that is equal to or less than the rebilling cycle. For example, if Client bills every thirty days, they must update their members’ area at least every thirty days. 3.5 PSP Payment ( Selskabet Fem ApS )’s Right to Cancel 3.5.1 In the event client’s account is suspended for unacceptable conduct or suspicion of fraud, the account may be terminated and all monies held for a period of six months to one year. In addition, PSP Payment ( Selskabet Fem ApS ) reserves the right, where feasible, to implement technical mechanisms, which prevent the occurrences listed above. Furthermore, PSP Payment ( Selskabet Fem ApS ) is under no obligation to notify client of its actions. 3.5.2 PSP Payment ( Selskabet Fem ApS ) may deactivate PSP Payment ( Selskabet Fem ApS ) accounts or sub accounts that have not processed any transactions within a 90-day period or if the PSP Payment ( Selskabet Fem ApS ) join page is not viewable from the home URL of the venue. Accounts are deactivated in order to minimize the unnecessary operational cost associated with maintaining them in the system.
Acceptable use policies – monitoring/privacy
PSP Payment ( Selskabet Fem ApS ) reserves the right without your permission to monitor any and all communications through or with its facilities as well as all Clients’ sites for compliance with this AUP and PSP Payment ( Selskabet Fem ApS ) Terms and Conditions. PSP Payment ( Selskabet Fem ApS ) may also be required to provide access to Client’s websites to representatives of banks for monitoring for compliance with their operating rules. Client agrees that PSP Payment ( Selskabet Fem ApS ) is not considered a secure communications medium for the purposes of the Electronic Communications Privacy Act, and that no expectation of privacy is afforded. It may become necessary for PSP Payment ( Selskabet Fem ApS ) employees to examine system accounting logs and other records to determine if privacy violations or other network unfriendly activities have occurred.
Acceptable use policies – cooperation with authorities
PSP Payment ( Selskabet Fem ApS ) reserves the right to cooperate with law enforcement and other authorities in investigating claims of illegal activity including, but not limited to, illegal transfer or availability of copyrighted material, trademarks, child pornography, postings or E-mail containing threats of violence or other illegal activity.
Acceptable use policies – confidentiality of personal subscriper information
PSP Payment ( Selskabet Fem ApS ) will not release any client or customer personal subscriber information, nor client or customer billing information, to any third party except upon presentation of a valid court order, or request to which PSP Payment ( Selskabet Fem ApS ) is legally required to respond to. Client agrees that PSP Payment ( Selskabet Fem ApS ) judgment as to the validity of any court order, subpoena, or request shall be considered proper and final.
Acceptable use policies – PSP Payment ( Selskabet Fem ApS ) right to modify these acceptable use policies
PSP Payment ( Selskabet Fem ApS ) may modify these Acceptable Use Policies on its website in any way, at any time. It is your responsibility to review the AUP on the website on a regular basis to ensure compliance with the latest version of this AUP. Your use of PSP Payment ( Selskabet Fem ApS ) services after such changes have been posted shall constitute your acceptance of the modifications to these policies. We hope the AUP is helpful in clarifying the obligations of Internet users, including PSP Payment ( Selskabet Fem ApS ) and its clients, as responsible members of the Internet. Any complaints about a client’s violation of the AUP should be sent to PSP Payment ( Selskabet Fem ApS ) – Payment Processing Solutions.
By using the services provided by PSP Payment you accept the terms in this page. Please read them carefully to make sure you are well aware of the different rules and terms.