Licensing and regulatory compliance
Last modification: 15 November 2022
France
Autorité des marchés financiers
(Financial Markets Authority)
Virtual Asset Service Provider
Registration number
E2022-034
Company
SwissBorg Solutions OÜ
Estonia
(Financial Intelligence Unit)
Virtual Asset Service Provider
Registration number
FVT000326
Company
SwissBorg Solutions OÜ
Switzerland
Organisme de Surveillance pour Intermédiaires Financiers & Trustees
(Supervisory Body for Financial Intermediaries & Trustees)
A Self-Regulatory Organization officially recognized by the Swiss Financial Market Supervisory Authority, FINMA
Company
SwissBorg Invest SA
What does it mean to be licensed and regulated as a Virtual Asset Service Provider?
Licensing, regulatory compliance and security have always been top priorities for SwissBorg.
When going through a given licensing procedure, regulators extensively examine every aspect of a business’ operations. With SwissBorg Solutions OÜ being registered VASP in France and Estonia, and SwissBorg Invest SA being member of a Self-Regulatory Organization in Switzerland, the SwissBorg community can rest assured that SwissBorg meets comprehensive requirements in terms of good repute and competence of SwissBorg’s managers and owners, secure technological infrastructure, as well as best-in-class Know-Your-Customer (KYC) and Anti-Money Laundering (AML) / Terrorist Financing policies and procedures.
Operational capital and mandatory audit requirements
In accordance with our VASP registration in Estonia, we are required to maintain a substantial amount of operational capital at all times. In addition, we have mandatory external and internal audit obligations, which ensure the effectiveness of our internal controls and regulations. In practice, this means that we use the “three lines of defense” internal control system, as standard for financial service providers.
AML, KYC and Anti-Fraud
Besides our comprehensive risk-based AML and KYC policies, we employ state of the art transaction monitoring and a variety of sophisticated anti-fraud measures to ensure a safe experience for all of our users and compliance at all times with applicable regulations.
Data protection
We maintain a strict data protection policy to ensure all of our users’ personal data are protected and can only be used in compliance with applicable regulations.
IT security, Risk management and Business continuity management
In addition to our sound internal AML compliance framework, we apply detailed internal policies to ensure that our IT infrastructure is strong, that our risk management framework is comprehensive and that our business continuity plan enables us to always provide you with the best services and remain operable at all times.