LCX Partners With Regula Forensics to Enhance Compliance, Reduce Fraud and Ensure a Frictionless Customer Experience

Liechtenstein-based LCX today announced a partnership with Regula Forensics, the world leader in supplying solutions for border and immigration control, as well as secure document examination.

Regula has three decades of experience in authenticating identity documents and other security documents. Since the 1990s, its products and solutions are used by law enforcement experts around the world. Today, Regula’s customers include Ministries of Internal and Home Affairs, police, border and customs services, banks, insurance companies, airlines, and other organizations from every industry involving personal data processing all over the world.

LCX and Regula Forensics have signed a memorandum of understanding for a strategic partnership. In particular, LCX is utilizing Regula’s digital forensic technology to comply with regulations as the know-your-customer (KYC) requirements in accordance with the Due Diligence Act (DDA) Liechtenstein. Regula’s technology solution has been seamlessly integrated into LCX’s investor on-boarding process used for LCX Terminal users now as well as investors in digital securities and tokenized assets in the future.

As part of the Liechtenstein Blockchain Act, all fintech companies that provide services in connection with tokens or virtual currencies are subject to money-laundering supervision and implementing the FATF standards and advanced due diligence.

“International collaboration with key players in leading industries has always been Regula’s major value and strength,” said Ivan Shumsky, CEO at Regula Forensics. “Cryptocurrency market is trending and engaging more and more expert companies to develop this industry further. Regula is proud to be trusted by leading fintech companies and be a part of cutting-edge solutions – such as LCX Terminal, which undoubtedly will contribute to the market progress.”

“Regula’s invaluable expertise and know-how play a key part at LCX to prevent identity document fraud and deliver a frictionless customer experience,” said Monty Metzger, founder and CEO of LCX.

Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *