Anti-money laundering tech firm IdentityMind Global has partnered with the largest distributor of Bitcoin ATMs Lamassu Bitcoin Ventures to integrate Bitcoin ATMs worldwide with compliance services.
Lamassu has rolled out more than 200 Bitcoin ATMs worldwide, with 15 second fiat to bitcoin transactions and the ability to accept over 200 currencies. Most recently, the company supplied UK secondhand electronics retailer CeX with 5 Bitcoin ATMs.
IdentityMind is an established compliance provider for over 25 Bitcoin and Virtual Currency companies across 4 continents. The company offers services tailored for large international exchanges, as well as a specialized program for Bitcoin startups.
The integration includes built-in Know Your Customer (KYC), transaction monitoring, sanctions screening, qutomated SAR filing and Anti-Fraud services, providing ATM operators with the key compliance abilities needed to legally operate their machines worldwide.
Lamassu CEO Zach Harvey commented,
It has always been important for us not to burden the end-users of our machines with a complicated or intrusive compliance solution. This integration allows us to provide our operators with an affordable and quality solution that fits the Lamassu user experience. It’s fast, it’s intuitive and it’s easy.
IdentityMind CEO Garret Gafke added,
IdentityMind has demonstrated time and again our dedication to providing the most advanced compliance platform for virtual currencies- whether you’re an established exchange, start-up, or Bitcoin ATM. With Lamassu’s wide distribution and international presence, this integration provides a great opportunity to showcase the effectiveness of our platform- including revamped KYC, transaction monitoring, anti-fraud, and sanctions screening – the cornerstones of our SuperiorAML program.