Cointract is a recognised financial intermediary in Switzerland
Did you know that Cointract is accepted as a member of the VQF, a FINMA-recognised self-regulatory organisation (SRO), since October 2022? This makes us an official financial intermediary.
What does the membership imply?
Self-regulatory organisations (SROs) are officially recognised by the FINMA and act as a supervisory system in Switzerland to combat money laundering and terrorist financing. One of the largest Swiss self-regulatory organisations is the VQF in Zug.
The Financial Services Standard Association - VQF for short - is tasked with monitoring the compliance with obligations arising from the Anti-Money Laundering Act. In order to do this, the VQF conducts periodic audits of its members. The regular audits guarantee a high level of compliance.
As a member of the VQF, Cointract is therefore given the status of "financial intermediary".
The status as a financial intermediary is an important milestone for Cointract and its customers, as we can guarantee transparency, security and Swiss quality with this label.
All the advantages for you as a Cointract user are:
Our processes are regularly audited externally.
We operate within the legal framework and are subject to the same quality controls as a bank with regard to the MLA.
The high level of technical automation guarantees security and reliability.
Let's celebrate security and regulation!
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