Atlanta, Georgia-based Software as a Service (SaaS) record association Coinnections announced in December, 2015 that it had launched a private beta of a Anti-Money Laundering (AML) and Know Your Customer (KYC) correspondence program for bitcoin Money Services Businesses (MSBs).
The association invited a singular organisation of digital banking MSBs such as exchanges and bitcoin ATMs to beta exam a program suite. Beta testers will suffer early entrance and a half hour of giveaway correspondence consulting with BitAML.
Coinnections says that it provides a extensive AML/KYC correspondence height designed to consistently make a business’s AML policy. Coinnections’ multiple of absolute AML transaction monitoring, box management, extended due diligence, electronic SAR/CTR filing and discerning workflow reduces a complexity of correspondence responsibilities, says a company.
Coinnections’ founder, Aaron Williams, is a former payments attention product manager and entrepreneur. He done his entrance into a bitcoin universe in 2013 when he took smoothness of a initial Lamassu Bitcoin ATM machine. Williams says that