For small and middle size financial intermediaries such as asset managers, trustee, money exchange platforms or any regulated entities that are subject to AML/CTF regulation we provide AML officers landing or outsourcing of the compliance function.

Beginning January 1, 2020, oversight requirements for Swiss entities under the supervision of the regulator are significantly increased or subject to new rules. With the enactment of the Financial Institutions Act (FinIA) and the Financial Services Act (FinSA), previously independent individual client financial asset managers and trust managers are now the subject to supervision and licensing.

Such managers must have a full risk management and internal control system. The Anti-Money Laundering Act (AMLA) clarifies that financial intermediaries must ensure that their employees are sufficiently trained and supervised. This also applies to crypto asset managers, which also fall under the category of financial intermediaries and therefore must have an organization that ensures compliance with AMLA obligations.

A company that falls under one of the categories of FINMA supervision must build the right compliance and internal controls. Compliance functions can be managed in-house or outsourced to specialists. The Swiss law allows the outsourcing of compliance functions.

The development of the decentralized financial industry brings new challenges to the traditional sector. For example, Banks are increasingly faced with the need to interact with financial assets linked directly/indirectly to assets resulting from crypto related platforms.

Many traditional businesses have already started to implement in-house solutions and provide a fully digital setup for onboarding digital assets, save keeping, or are using white labeling solutions of existing providers. Over time, we will see more and more financial institutions dealing with crypto assets and it will become more the norm than the exception.

Our team can help you to understand the risks associated with onboarding crypto-related clients and their assets and support you in developing the necessary infrastructure and due diligence in place to prevent onboarding of illegal assets and to monitor and document high-risk transactions.

Switzerland is a progressive country in the field of traditional finance and crypto regulation. Basically, you can start any business with crypto assets in a transparent regulatory environment. SMART-compliance assess your business model and provide support in obtaining the right license type. For example, our service could include:

• - Organization structure and corporate governance
• - Company foundation
• - Non-executive Bord Member function
• - Prepare license applications (SRO, FinTech and others)
• - Assistance in communications with regulator
• - Corporate strategy and business plan review
• - Risk assessment and internal policies
• - Three lines of defense and internal control system implementation

We will support you in obtaining a work permit and help you relocate your family to Switzerland. At the same time, to manage your business in a right format, you can outsource your business administration to the professionals. We will be happy to find a best provider for you. We have a good network in Switzerland and abroad. We provide:

• - Three lines of defense and internal control system implementation
• - Accounting support
• - Office and secretary
• - IT solutions, cloud services
• - Clients onboarding and transaction monitoring tools
• - Banks with Crypto Offering and our accounts opening support
• - Notary services

For small and middle size financial intermediaries such as asset managers, trustee, money exchange platforms or any regulated entities that are subject to AMLO FINMA we provide AML officers landing or outsourcing of the compliance function.

Beginning January 1, 2020, oversight requirements for entities under the supervision of the regulator are significantly increased or subject to new rules. With the enactment of the Financial Institutions Act (FinIA) and the Financial Services Act (FinSA), previously independent individual client financial asset managers and trust managers are now the subject to supervision and licensing.

Such managers must have a full risk management and internal control system. The Anti-Money Laundering Act (AMLA) clarifies that financial intermediaries must ensure that their employees are sufficiently trained and supervised. This also applies to crypto asset managers, which also fall under the category of financial intermediaries and therefore must have an organization that ensures compliance with AMLA obligations.

A company that falls under one of the categories of FINMA supervision must build the right compliance and internal controls. Compliance functions can be managed in-house or outsourced to specialists. The Swiss law allows the outsourcing of compliance functions.

The Swiss fintech industry continues to grow successfully. At the same time, the journey from a fintech startup to a sustainable organization requires diligence and a good regulatory framework.

Swiss regulation reflects the necessary aspects for FinTech businesses. Municipalities are also trying to create an environment for growing new businesses.

Some cantons are even more innovative in supporting new fintech businesses. Over the past few years, Zug has become home to many companies in the digital finance sector. The Swiss Crypto Valley was also founded in Zug.

The openness of the municipality as well as the regulator in general allows projects of any complexity to develop in a regulatory environment and with the support of local experts and infrastructure. We would be happy to assist you in evaluating your decision to register and develop fintech in Switzerland.