Flagright, the AI-native, no-code platform for transaction monitoring and AML compliance, is proud to welcome Localcoin, Canada’s largest Bitcoin ATM network, as its newest customer. Localcoin will deploy Flagright’s transaction monitoring, risk scoring, and case-management solutions to strengthen its compliance program as in-store ATM locations and online services continue to expand.

Founded in Toronto, Localcoin operates more than 1,900 crypto ATMs nationwide and offers online buy-and-sell services for Bitcoin, Ethereum, Litecoin, and other digital assets. Registered with FINTRAC, the company is trusted by more than 230,000 customers for simple, instant, and convenient access to cryptocurrency.

“Scalability and compliance have to go hand in hand,” added Jonathan Kutner, General Counsel and Chief Compliance Officer at Localcoin. “Flagright’s customizable rules, automated scoring, and streamlined investigations will let our team stay ahead of evolving regulatory expectations without slowing growth.”

Flagright’s transaction-monitoring engine detects risks before they become threats. Localcoin’s compliance team will be able to monitor every cash purchase, crypto sale, and e-transfer in real time, configure rules in minutes, and surface high-risk activity through automated risk scoring. Integrated case management provides an auditable workspace to investigate alerts and generate regulatory reports, delivered through a no-code interface that can be live in under two weeks.

“Localcoin’s mission is to make digital currency accessible while upholding the highest standards of security,” said Jay Pandher, Co-Founder of Localcoin. “Flagright’s real-time monitoring and risk analytics give us the visibility to spot suspicious activity instantly and keep our customers safe.”
“We’re excited to welcome Localcoin as our customer, as they broaden crypto access across Canada,” said Baran Ozkan, Co-Founder and CEO of Flagright. “Our AI-native platform will equip them with modern, efficient financial-crime controls, ensuring every transaction is monitored, assessed, and managed with confidence.”

About Flagright

Flagright is a global leader in AI-native transaction monitoring and AML compliance solutions, enabling financial institutions to centralize detection, investigate and report suspicious activity, streamline regulatory workflows, and strengthen financial crime controls. Trusted by financial institutions in 30+ countries, Flagright helps reduce false positives by 93% and lower compliance costs by 80%, thereby setting the modern standard for financial crime compliance.

About Localcoin

Localcoin offers intuitive and convenient solutions that empower individuals worldwide to quickly convert cash into Bitcoin. With thousands of ATMs across Canada, Australia, New Zealand, and Hong Kong, localcoin provides seamless access to the digital financial ecosystem.