ANTI-MONEY LAUNDERING FOR BITCOIN AND VIRTUAL CURRENCIES

A Cost-Effective Way to Comply with Worldwide Regulations

IdentityMind offers a full Anti-Money Laundering (AML) program enabling Banks, Money Services Businesses, and Money Transmitters to meet U.S. (FinCEN) and worldwide regulations. IDMRisk offers a full Anti-Money Laundering (AML) program enabling virtual currency companies, including Bitcoin Exchanges, to meet U.S. (FinCEN) and worldwide regulations. Our AML program provides you with a fully integrated suite combining professional services and technology to help you:

  • Protect your business against Money Laundering: you can now apply strict customer identification verification and implement automated transaction monitoring policies and procedures.
  • Establish important banking partnerships: to grow and thrive as a trusted company in the virtual currency world, you need support from traditional banks and financial institutions. Our AML program will offer you the protection, processes, visibility and reporting you need to build and maintain these partnerships.
  • Save money and time: our highly automated AML program ensures you receive the best quality product at a reasonable price. You receive the best professional services coupled with advanced technology.

 

The turn-key AML program you need to establish strategic banking partnerships.

Strong protection against Money Laundering

Strong protection against Money Laundering

Know if the personal information presented by your customer matches the data captured from the transaction, or other information available on public and private databases. Automatically detect the most sophisticated money laundering schemes, and find signs of suspicious activity. We’ve put years of experience in the Anti-Money Laundering field and superior technology, at your service.

Multiple Options for Identity Verification

Multiple Options for Identity Verification

IMDRisk's proprietary eDNA technology matches all the parameters captured from a transaction to find any suspicious signs of identity theft. Our platform builds complete electronic identities, combining personal information entered by users at the moment of registration (name, address, email, phone, ID numbers, etc.), with other parameters captured in the online transaction (IP Geolocation, device information)
.You can have further verification, if your business requires stronger authentication, such as: risk associated with a specific phone number or address; probability to contact the user based on some of their personal information; matching of customer's personal information against public & private databases (billing records of major Telecom companies, public records, public subscriber databases).

Automated Transaction Monitoring

Automated Transaction Monitoring

We help you create the rules needed to monitor your transactions, and our platform enforces them automatically – analyzing your transactions in real time, or over specific periods of time, to detect money movements that could be associated with laundering activity.

Gain the Protection and Visibility you need to comply with regulation

Regulatory Protection you Need to Partner and Grow

The U.S. Treasury Department Financial Crimes Enforcement Network (FinCEN) has provided guidance twice this year alone on requiring virtual currency exchanges to follow some of the same regulations that apply to traditional financial institutions. Any company looking to partner with financial institutions will need to ensure AML regulation compliance. IDMRisk ensures you with regulation piece of mind.

Technology that ensures you an efficient and cost effective solution

Technology that ensures you an efficient and cost effective solution

Our program is the most cost effective way for you to establish a full AML program. IdentityMind supplements the manual processes associated with any AML program, with automation and advanced technology. Technology provides you with an efficient AML solution with visibility deeper into consumer verification than ever before. The depth ensures you protect your business against money laundering and meet regulation requirements.

See how our groundbreaking IGNITE program has accelerated the launch of over 20 bitcoin and virtual currency start ups.

Ignite

AML RESOURCES

5 Key Tips

As popularity and acceptance of virtual currencies has increased, so has government attention. To help virtual currency businesses understand and comply with current and potential regulation surrounding the industry, we’ve put together a new white paper with 5 key tips for superior risk-based AML compliance. Don’t risk your business, or your freedom.

Download the White Paper


10 Essential Terms For Bitcoin Regulation

In the first of a series of white papers on cryptocurrency regulation, we cover 10 Essential Terms for Bitcoin Regulation, providing a crucial introduction to money laundering, The Bank Secrecy Act, and The Four Pillars of AML.

Get the White Paper


The DeRisk Survival Guide

The DeRisk Survival Guide:Banking High Risk Merchants while Maintaining Compliance

Our webinar on how institutions can use entity link analysis to identify money laundering, suspicious activity, and individual financial crimes, and avoid unnecessarily de-risking individual or entire lines of business.

Watch the Webinar