IdentityMind Global and Lamassu Bitcoin Ventures announced today their partnership to integrate IdentityMind’s international compliance platform in Lamassu Bitcoin ATMs.
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.
IdentityMind is well recognized as 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.
As the largest provider of Bitcoin ATMs, Lamassu boasts more than 200 Bitcoin ATMs worldwide, 15 second fiat to bitcoin transactions, and the ability to accept over 200 currencies. With both U.S. and international scrutiny increasing on virtual currencies, and recent encouragement from the ATM Industry Association (ATMIA), the integration demonstrates Lamassu’s timely focus on providing ATM operators with the tools they need to effectively operate their machines.
“It has always been important for us not to burden the end-users of our machines with a complicated or intrusive compliance solution,” said 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.”
“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,” said Garret Gafke, IdentityMind President & CEO, “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.”