PM Exchange Rates
Frequently Asked Questions
What are Perfect Money supported currencies?
Each user account is a multicurrency one. It is subdivided into 4 different currency accounts:
- USD (PM units, the equivalent of United States dollar)
- EUR (PM units, the equivalent of Euro)
- GOLD (PM units, the equivalent of the precious metal, expressed in troy ounces)
- Bitcoin (property rights for the publication of entries in the global public database of bitcoin.org network on behalf of Perfect Money are reserved by Startup Research & Investments LLC);
How does the Code Card protection work?
When you enable this option, the system sends a graphic image containing a set of codes to your e-mail address. Later the system will ask you to enter one of the codes from that image to confirm your transactions. We recommend that you only keep a hard copy of the Code Card in a safe place for security reasons.
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Anti-money laundering policy
In terms of law, money laundering means legalizing the proceeds of crime, i.e. actions that conceal the source of funds in order to make their nature lawful.
Anti-money laundering (AML) incorporates a complex of measures aimed at prevention of use of the financial system of the country or any specific financial institution for money laundering or terrorist financing. Such measures and instruments are worked out and implemented by international and national institutions, banking and business community.
Perfect Money collects identification data of every Client, as well as IP addresses, online activity, communications and,in general, all transactions carried out by the Client.
Perfect Money tracks, including auto-monitoring and auto-controlling, suspicious activities of the clients and transactions executed under unusual conditions. This includes, but not limited to, transactions that do not make economic sense, unexplained large transactions, transactions involving unidentified parties, investments related transactions of unclear nature. Perfect Money reserves the right to ask supporting documentation for the suspicious transactions.
Enhanced Due Diligence is exercised on high turnover customers and/or potential suspicious customers/transactions.
Purpose of the transaction is established where applicable.
Perfect Money improves its AML procedures continuously to monitor unlawful financial schemes.
Perfect Money reserves the right to refuse to process a transaction at any stage, when we believe that the transaction is associated with money laundering or other criminal activity.
Perfect Money complies with the legal requirements of the Republic of Panama for anti-money laundering. In cases set forth in the relevant legal enactments, we co-operates with officials and government institutions of the Republic of Panama, as well as other countries.