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Global Primex
United States
09 Jan 2019 (6 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Global Primex
Company Information
Get to know Global Primex
Global Primex is a leading alternative payments provider. Our core value lies in the ability to provide a safe, secure, privacy-oriented payment ecosystem for both merchants and customers. Utilizing our proprietary integrated platform of our flagship products, (i) VLoad, and (ii) Safekeeper, Global Primex is able to offer improved fraud prevention, dispute management, and improved acceptance rates for its proprietary Merchant Network, while also providing consumers a unique digital KYC solution for securely managing and sharing their digital identity. At Global Primex, we believe that privacy and security is an absolute right for consumers, that our fraud management systems should always ensure world-class safety to our ecosystem participants, and that we can accomplish both of those objectives while maintaining strict regulatory compliance. Further information is available at www.globalprimex.com. Global Primex LLC currently holds money transmitter licenses in Arizona, Arkansas, Florida, Georgia, Illinois, North Carolina, North Dakota, and Wyoming, and is in various stages of progress in obtaining additional money transmitter licenses in New Jersey and New York.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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