Lamassu Partners with IdentityMind to Offer Enhanced ATM Compliance
Bitcoin ATM manufacturer Lamassu Bitcoin Ventures has announced a new partnership with e-commerce compliance specialist IdentityMind Global.
First revealed informally on 5th October, the integration with IdentityMind will provide Lamassu bitcoin ATM owners with built-in anti-fraud and know-your-customer (KYC) services, automated suspicious activity report (SAR) filings, sanctions screening and transaction monitoring.
Lamassu CEO Zach Harvey characterized the deal as one way his company is seeking to better respond to “increasing scrutiny” from US and international regulators, as well as the recent guidance issued by the ATM Industry Association (ATMIA), a traditional ATM trade association.
‘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.’
This post was published at Coin Desk on October 23, 2014.