Today, we are excited to announce our strategic partnership with the world leader in supplying solutions for border and immigration control, as well as secure document examination – Regula Forensics.
LCX and Regula have signed a memorandum of understanding (MoU) to enter into a strategic partnership to enhance compliance, reduce fraud and ensure a frictionless customer experience.
Regula is a global manufacturer of expert devices and software for authenticating personal documents, banknotes, and securities with more than 28 years of experience. Regula Document Reader SDK is a comparatively new solution by Regula that can be easily integrated into native, web, and hybrid mobile applications to build a seamless KYC process, extracting data and providing secure authentication.
“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.”
Our development team has improved and upgraded our registration experience. In particular we are 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 in LCX’s KYC 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 (TVTG) all fintech companies who provide services in connection with tokens or virtual currencies are subject to money laundering supervision, implement the FATF standards and advanced due diligence.
Regula has three decades of experience in authenticating identity documents and other security documents. Since the 1990s, their 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.
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LCX AG is a company found in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
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