IdentityMind Global Partners With Lamassu to Beef Up ATM Compliance

By October 23, 2014 Bitcoin Politics
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IdentityMind Global Partners With Lamassu to Beef Up ATM Compliance


IdentityMind Global Partners With Lamassu to Beef Up ATM Compliance
IdentityMind Global Partners With Lamassu to Beef Up ATM Compliance

Freshly announced: Fraud prevention company IdentityMind Global has partnered up with Lamassu Bitcoin Ventures in order to integrate IdentityMind’s compliance platform into Lamassu bitcoin ATMs scattered around the world.

According to IdentityMind, “The integration includes built-in Know Your Customer (KYC), transaction monitoring, Sanctions Screening, automated SAR filing and Anti-Fraud services, providing ATM operators with the key compliance abilities needed to legally operate their machines worldwide.”

As the popularity of bitcoin continues to rise, operators of bitcoin ATMs are looking for ways to remain compliant with local regulations. At present, there are over 200 Lamassu ATMs in operation today.

“It has always been important for us not to burden the end-users of our machines with a complicated or intrusive compliance solution,” says Lamassu CEO Zach Harvey. “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.”

Lamassu Bitcoin ATM
Lamassu Bitcoin ATM

“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,” adds IdentityMind President & CEO Garret Gafke. “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.”

The IdentityMind compliance platform is available immediately to all Lamassu clients.

According to IdentityMind, “The integration includes built-in Know Your Customer (KYC), transaction monitoring, Sanctions Screening, automated SAR filing and Anti-Fraud services, providing ATM operators with the key compliance abilities needed to legally operate their machines worldwide.”

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