Atlanta, Georgia-based Software as a Service (SaaS) technology company Coinnections announced in December, 2015 that it had launched a private beta of its Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance software for bitcoin Money Services Businesses (MSBs).
The company invited a limited group of digital currency MSBs such as exchanges and bitcoin ATMs to beta test its software suite. Beta testers will enjoy early access and a half hour of free compliance consulting with BitAML.
Coinnections says that it provides a comprehensive AML/KYC compliance platform designed to consistently enforce a business’s AML policy. Coinnections’ combination of powerful AML transaction monitoring, case management, enhanced due diligence, electronic SAR/CTR filing and intuitive workflow reduces the complexity of compliance responsibilities, says the company.
Coinnections’ founder, Aaron Williams, is a former payments industry product manager and entrepreneur. He made his debut into the bitcoin world in 2013 when he took delivery of the first Lamassu Bitcoin ATM machine. Williams says that