SRO-affiliated financial intermediary in Switzerland

About This Company

Article 2 paragraph 3 and Article 14 of the Anti-Money Laundering Act (AMLA, SR 955.0) establish the statutory basis for this Swiss financial intermediary position. Regulatory substance requires an operational internal organisation capable of fulfilling AMLA due-diligence duties, covering customer identification, beneficial-owner verification, transaction monitoring, and ongoing employee instruction. Management and board members directing business conduct must demonstrate irreproachable reputation, though no specific industry experience requirement applies. Crypto intermediary membership imposes further local governance mandates: PolyReg, for example, requires a Switzerland-based, operationally active board member to serve as the designated contact person, alongside a mandatory in-person admission audit.

Maintaining these operational substance requirements remains mandatory following closing. SRO affiliation belongs strictly to the corporate entity and lapses if the company dissolves or resigns from the supervisory body. Under SRO regulations such as VQF Article 6 paragraph 2, transferring a qualifying participation of 10% or more requires prior written notice and SRO approval. The incoming owner undergoes direct reputational vetting by the SRO. A bank account is already attached to this entity. Activities encompass FATF virtual asset exchange, transfer, and safekeeping, provided client tokens remain segregated on the blockchain for each customer to avoid triggering banking licence rules.