July 25, 2014

Risk management company expands coverage of AML product for cryptocurrencies

Palo Alto, CA – IdentityMind Global, a provider of risk management and payments products, has expanded its anti-money laundering solution for Bitcoin and altcoins, including their low-cost Ignite program for Bitcoin startup companies.

With its newly awarded ‘European Union Safe Harbor’ certification, the IdentityMind AML solution can receive and store user information, expanding services throughout the EU's 28 member nations, as well as any non-member European nation that has adopted EU standards.

"We are proud to extend our industry-leading Bitcoin compliance solution to new customers around the globe," says Garrett Gafke, CEO and president of IdentityMind. "We have taken the different requirements of various countries into account when growing our solution. Thanks to customer input and our regulatory expertise, we've built a platform that can support Bitcoin companies nearly anywhere in the world."

IdentityMind Global’s international coverage: 

• North America: U.S., Canada, and Mexico. IdentityMind Global provides the tools to comply with regulations from the U.S. Financial Crimes Enforcement Network, the Financial Transactions and Reports Analysis Center of Canada, and Mexico’s Secretaría de Hacienda y Crédito Público.

• Asia: Hong Kong. IdentityMind provides the tools to comply with regulations from Hong Kong’s Joint Financial Intelligence Unit.

• Australia. IdentityMind Global provides the tools to comply with KYC regulations from the Australian Transaction Reports and Analysis Centre.

• Caribbean: Barbados and Jamaica. IdentityMind provides the tools to comply with regulations from Jamaica’s Financial Investigations Division and the Anti-Money Laundering Authority of Barbados.

• South America: Brazil, Chile, Colombia and Peru. IdentityMind provides the tools to comply with regulations from Brazil’s Conselho de Controle de Atividades Financeiras, Chile’s Unidad de Análisis Financiero, Colombia’s Unidad de Información y Análisis Financiero, and Peru’s Unidad de Inteligencia Financiera del Perú.