AML SOFTWARE

The Problem of Traditional Financial Institutions

Have you ever wondered how the usual process of buying or selling cryptocurrencies via traditional financial institutions looks like? We're not talking here about services of buying or selling cryptocurrencies directly through the offerings of these institutions, because they do not provide such services at all, but about using a bank account to transfer funds from the bank to a cryptocurrency exchange or exchange office, or vice versa.

If you managed to do this, you are lucky.

You must know that firstly, institutions offering the purchase or sale of cryptocurrencies in exchange for FIAT currency rarely have the fortune to maintain stable relationships with a bank that allows them to permanently use a bank account. Secondly, even if they have such an account, the security of those funds, stored in the traditional financial system, is extremely uncertain. You must know that the countless scams and frauds involving cryptocurrencies trigger the highest rate of transaction stoppages by these financial institutions in the case of clients' orders related to entities dealing with crypto-assets.

Ask any acquaintance who has ever worked in the crypto-assets industry what percentage of exchange offices or online exchanges transactions were in fact unauthorized actions by someone other than the bank account holder, but by a cybercriminal transferring funds from the victim's account to cryptocurrency exchanges to escape with the bitcoins purchased in the victim's name. A high percentage of so-called frauds often results in the impossibility of sending funds using the traditional financial system by a normal, aware client. It is commonly known that transfers sending funds to an exchange are blocked by the bank as a potential action not performed by the client themselves. The client is forced at least in such a situation to spend hours calling the bank, often visiting a branch, unlocking the funds, and then after they are unlocked, performing the same transfer again, only to have it blocked again in the same way.
A significant percentage is also the outright termination of bank account agreements with clients who use them to buy or sell crypto-assets for their own private accounts.

You must be aware that these are the realities of the crypto-assets industry using the traditional financial system. If you think this will change, consider why the level of unauthorized use of bank accounts by cybercriminals would decrease. If you believe that 2FA functions can reduce the scale of this phenomenon, remember that a significant portion of these thefts is carried out using remote desktop control applications for phones or computers, which the victim themselves granted access to the cybercriminal after being misled about the purpose of giving access.
If you think that institutions professionally handling crypto->fiat and fiat->crypto exchanges can take on the responsibility of protecting these most vulnerable clients, remember that currently available AI models successfully pass remote face verifications used by online services.

During purchase:

• The client inserts cash
• Selects the cryptocurrency
• Scans their public address
• The cryptocurrency is automatically transferred to that address at the rate displayed on the screen

During sale:

• The client sends the cryptocurrency to the Bitcoin ATM address displayed on the screen
• The device dispenses cash to the client in the amount calculated using the rate displayed on the screen

Additionally, before executing the transaction, that is before transferring the cryptocurrency in the case of purchase or dispensing cash in the case of sale, the device may require the client to scan their identity document in the device. Depending on the law that applies to you, this may concern every transaction, or every transaction exceeding a certain amount, or every subsequent related transaction whose total sum exceeds a specific amount determined by the operator of these devices.

What we offer

We offer Bitcoin ATM server software along with client software for individual devices called Bitcoin ATMs operating based on this server, along with the technical specifications of these devices. Our offer also includes monitoring operator software connected to the ATM server, and AML policy operator software. Within the software managing a fleet of Bitcoin ATMs, you can communicate with the client in their language, while you continue using yours. We even offer you software that manages entire premises where your managed Bitcoin ATM is located, including continuous monitoring of these locations, combined with functions related to AML policy and managing these functions from the software monitoring the entire premises, services of opening and closing doors to these rooms, activating alarms, remote management of fire protection functions. Everything.
You can either use our servers or install our software on your own. If you think that other Bitcoin ATM software manufacturers offer the same, know that:

Our devices in real-time transfer from each device the image from a few cameras directly to the AML operator application, across the entire network of devices. There, in real-time, AML operators assess the quality of documents scanned by clients, automatically creating client profiles with assigned purchase/sale sums.
We mentioned above the numerous frauds occurring in exchanges through online services. Do you know that among enterprises using our software, such incidents do not occur? The AML operator sees the client in real-time and, in the presence of an elderly person or someone instructed by a third party over the phone, suspends transactions and asks for contact with the helpline. The incident is reported. Through phone contact, we explain to the potential fraud victim that they are being scammed, return the funds by dispensing them back from the device, and the matter is closed. Without Police and Prosecutor's Office involvement.
Only we provide you with software dedicated to strict requirements related to anti-money laundering. You will only be obliged to employ AML operators, one per shift, using this software, having insight into all the devices in your network combined. You will avoid all the hassle with the bank related to frauds.

These specifications cover every known device on the market. In addition to the above, we also require at least one to three cameras capable of streaming the client's silhouette, especially the face, in real-time at full HD resolution, and a document reader up to passport size (ISO/IEC 7810 ID-3, 88 mm × 125 mm). If you do not have a camera in the device, or a document reader, nothing prevents you from equipping the devices you own with these elements.
If you are conducting or intend to conduct business in a jurisdiction requiring registration or a license to offer such services, we require you to obtain such a license. When applying for one, we encourage you to declare that you want to use our software. We will provide you with the necessary documentation and user manual for this purpose. We will provide you with a proposed AML policy along with proposed reactions to specific situations, which your regulator will certainly approve. After obtaining the license, all that will be required of you is to implement this policy. That's it. Our software holds a range of certifications from the best specialists in Europe and America in the field of software certification regarding its compliance with the strictest AML policy restrictions and personal data protection. Our certifications confirm that the software we provide is compiled from source code that does not allow any manipulation on our part of the software you use and confirms that we do not transfer any of your clients' data to us.

Options

We offer software in two options:

• For enterprises wanting to use our server infrastructure.
• For entrepreneurs who wish to run the software independently on server infrastructure managed by them.

And in two alternative options:

• For enterprises that wish to be a party to the transaction with the client and install their own cryptocurrency nodes within the software they set up, according to our instructions or using nodes installed in our infrastructure.
• For enterprises that do not decide to be a party to the transaction and want to be solely an intermediary to one of the well-known crypto>fiat fiat>crypto exchanges. We have implemented APIs to the most important known crypto exchanges in America and Europe. Your devices can be a broker to an exchange well-known to the client. You can display on the device the prices of the target exchange, your commission, and the final price.