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Frequently Asked Questions
What are some ways I can use Perfect Money
Perfect Money is a universal system that was created as a perfect tool for online payments. Here is what you can do using Perfect Money:
- make money transfers between users;
- accept payments in on behalf of various business projects on the Internet;
- make regular payments on the Internet;
- store funds in a secure electronic account and receive interest;
- pay for goods and services in various online stores;
- store your assets in cryptocurrency with no risks and no need to set up an additional wallet;
- buy Bitcoin, gold, USD and EUR currencies online;
- borrow and lend funds on your own terms
What is the “History” section used for?
It helps you to analyze all the operations performed within your account. You can find a specific transaction by filtering actions, time period or other parameters. You also can import your history into a text format and save it. The affiliate program statistics is also available in the “History” section.
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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.