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Ribbit.me Partners with Optima Compass for Anti-Money Laundering and Compliance Services

Ribbit.me Partners with Optima Compass for Anti-Money Laundering and Compliance Services

SAN FRANCISCO, CA., October 20, 2014 – Ribbit.me™, the creator of RibbitRewards™, the world’s first global rewards program based on blockchain technology, today announced its partnership with Optima Compass, an industry leader that specializes in anti-money laundering (AML) and regulatory compliance services. The companies will work together to implement Optima’s Compliance as a Service (CAS) program, which established a gold-standard-level compliance program that serves to protect both consumers and retailers conducting business on the RibbitRewards marketplace.

“Optima Compass provides robust solutions that enable companies like Ribbit.me to comply with regulations in regard to AML guidelines and sanction lists requirements,” said Sean Dennis, Ribbit.me CEO. ”Their systems and staff help us to maintain our steadfast commitment to protecting our buyers and sellers through having all of the necessary controls in place, and to be compliant with FinCen AML regulatory requirements.”

“We are well-prepared to address the AML regulatory complexities involved in running innovative global businesses like the Ribbit.me marketplace,” said Jorge Guerrero, Optima’s CEO and regulatory policy leader. “Our Compliance as a Service program and our AML Compass platform are uniquely suited and specifically designed for companies like Ribbit.me to deploy world-class controls from day one of operations.”

Ribbit.me plans to launch its Global Airdrop on November 1, where a pre-determined number of RibbitRewards are distributed at no cost. The Bonus Airdrop also begins November 1, allowing anyone to bid for additional RibbitRewards, auction-style. The Ribbit.me marketplace is set to open the first week of December.

About Ribbit.me
For more information about Ribbit.me, visit www.ribbit.me. Follow us on Facebook (facebook.com/RibbitRewards) and Twitter (@RibbitRewards).

About Optima Compass
For more information about Optima Compass Group, visit www.optimacompass.com

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