August 24, 2016
IdentityMind Expands Bitcoin Compliance Technology to EU
July 24, 2014
IdentityMind, a Palo Alto, Calif.-based provider of risk management and payment solutions, yesterday said its anti-money laundering solution for digital currencies has received European Union Safe Harbor certification, enabling Bitcoin businesses in the Eurozone to more readily adopt strong KYC and AML programs to stay ahead of regulators.
“We have taken the different requirements of various countries into account when growing our solution,” said Garrett Gafke, IdentityMind’s president and CEO. “Thanks to customer input and our regulatory expertise, we’ve built a platform that can support Bitcoin companies nearly anywhere in the world.”
The company said its tool now enable companies to comply with local regulations regarding digital currencies in 11 countries in addition to the 28 European Union nations including: the U.S., Canada, Mexico, Brazil, Hong Kong and Australia.