Licensing and regulatory compliance 

Estonia

Rahapesu Andemebüroo

(Financial Intelligence Unit)

Virtual Asset Service Provider

Registration number

FVT000326

Company

SwissBorg Solutions OÜ

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, 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.  Please note that regulatory requirements vary from country to country.

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 support 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.

Read our Privacy Notice

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 able to withstand significant traffic and/or malicious activity, that our risk management network is comprehensive and that our business continuity plan enables us to always provide you with the best services and remain operable to an extent that conforms with industry standards.