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Bitcoin ATM maker partners with AML solutions provider to ensure compliance

The companies will integrate the IdentityMind international compliance platform for virtual currencies into Lamassu bitcoin ATMs.

November 4, 2014

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IdentityMind Global, a provider of anti-money laundering and compliance solutions for virtual currencies, and Lamassu Bitcoin Ventures, a distributor of Bitcoin ATMs, announced they will partner to provide integrated compliance services for Bitcoin ATM operators worldwide.

According to a news release, IdentityMind Global and Lamassu Bitcoin Ventures recently announced a partnership that will integrate the IdentityMind international compliance platform into Lamassu bitcoin ATMs.

Built-in components in the integration include:

• know your customer;
• transaction monitoring;
• sanctions screening;
• automated SAR filing; and
• anti-fraud services.

Given increasing regulatory scrutiny of virtual currencies, and encouragement from the ATM Industry Association, Lamassu has placed a timely focus on providing ATM operators with the tools they need to effectively — and legally — operate their machines, the release said.

“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.”

Included In This Story

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ATM Industry Association (ATMIA)

ATMIA is the leading non-profit representing the global ATM industry, serving thousands of members across 500 companies, including financial institutions, deployers, manufacturers, and service providers. As a division of, ePayResources, our mission is to promote ATM growth and usage, protect industry interests.

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