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Veratad Selected by BlockSafe Technologies to Provide KYC and AML Compliance

October 16, 2018

Veratad’s IDresponseSM suite of solutions has been selected by BlockSafe to verify customer identity and assist with KYC/AML Compliance

TEANECK, N.J., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Veratad Technologies, LLC, (Veratad), an innovative and industry-leading provider of comprehensive online tools to better know your customers and comply with federal regulations, announced today it has been selected by BlockSafe Technologies, Inc. (BlockSafe) to provide its identity verification and KYC/AML tools aimed at assisting BlockSafe with KYC and AML compliance efforts.

Blockchain cybersecurity company BlockSafe secures the blockchain ecosystem with a suite of solutions that protect against an array of cyber vulnerabilities. BlockSafe has launched the presale round of their SEC compliant security token offering and the BlockSafe ERC-20 security token (BSAFE™), is a revenue-generating security token in full compliance with SEC securities regulations.

In order to assist BlockSafe with the compliance requirements associated with their ICO, Veratad is making available its full suite of IDresponse cloud-based KYC verification services, including IDMatch+COMPLYSM, which performs an identity verification on each new prospective investor as well as a comprehensive check against databases for Sanctions and Politically Exposed Persons (PEPs). The use of Veratad’s solutions will form an important part of BlockSafe’s overall KYC and AML compliance strategy.

“Veratad’s identity verification solutions were easy to integrate and are helping us meet our overall STO compliance requirements for KYC and AML,” said BlockSafe’s CEO, George Waller. “Adding Veratad to our layered compliance and cybersecurity strategy for this new STO will assure our potential investors and customers we understand the importance of protecting our ongoing success.”

“The Blockchain revolution certainly appears to be the biggest thing since the dawn of the internet but it’s not without the same security challenges we all face on the Web,” said John E. Ahrens, Veratad’s CEO. “We are proud to participate in the success of a company like BlockSafe which is dedicated to protecting blockchain networks and its users. We are also proud to be providing our services to assist a company that takes its own security and compliance obligations seriously.”

Veratad is a leading global ID and age verification company with a full suite of age and ID verification tools that satisfy a variety of regulatory requirements. All of Veratad’s solutions are available for individual or bundled deployment to meet any combination of compliance requirements.

About BlockSafe

BlockSafe Technologies is the only US-based company that secures the blockchain ecosystem from all angles: wallets, exchanges, and private blockchains. BlockSafe Technologies is a subsidiary company of StrikeForce Technologies, Inc. (OTCQB: SFOR), a leading provider of cyber security solutions for consumers, corporations, and government agencies. BlockSafe Technologies™ has been granted licensing rights to implement and distribute the patented, award-winning cybersecurity technology offered by StrikeForce Technologies, Inc.

About Veratad

Veratad Technologies, LLC is a world class provider of online/real-time Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity.

Veratad’s verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy.

Veratad is trusted by companies large and small and our customers include some of the world’s most well-known corporations that use our solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.

Media Contacts: BlockSafe Contact George Waller, CEO P. (732) 661-9641 gwaller@blocksafetech.com Veratad Contact: Mallory Evron, Marketing P. (201) 510-6000 Mevron@veratad.com

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