Our Compliance Commitment
Andromeda Pay AG operates as a fully regulated financial intermediary in Switzerland, affiliated with a FINMA-recognized Self-Regulatory Organisation (SRO). Compliance with applicable laws and regulations is fundamental to our operations, ensuring the integrity of our platform and safeguarding our users.
Swiss AMLA
We adhere strictly to the Swiss Federal Act on Combating Money Laundering and Terrorist Financing.
FINMA Guidelines
Operations follow FINMA guidance for digital assets and financial intermediaries.
SRO Affiliation
We are affiliated with the Financial Services Standards Association (VQF), a FINMA-recognized SRO.
Our Compliance Commitment
Customer Due Diligence (CDD) & KYC
All users undergo comprehensive identity verification. Verification includes government-issued IDs, proof of address, and facial liveness checks.
Transaction Monitoring & the Travel Rule
We monitor transactions for suspicious activity and compliance with AML/CFT obligations. Originator and beneficiary information is collected and transmitted in compliance with the FATF Travel Rule.
Risk Assessment & Screening
Automated and manual systems are used to assess user risk profiles. Users are screened against sanctions lists, PEP lists, and adverse media databases.
Record-Keeping & Reporting
Customer and transaction records are retained for 10 years per Swiss law. Suspicious activities are reported to the Money Laundering Reporting Office Switzerland (MROS) as required.
Ongoing Compliance & Audits
Internal audits ensure that policies, procedures, and systems remain compliant. Third-party audits may be conducted to validate adherence to regulatory standards.
Data Protection
All personal data is processed in line with the Swiss Federal Act on Data Protection (nFADP) and the EU General Data Protection Regulation (GDPR).
Your Responsibility in Compliance
- Provide accurate and complete information during onboarding.
- Respond promptly to any requests for additional documentation or verification.
- Ensure that your transactions comply with applicable laws and are conducted solely on your own behalf.
For questions or concerns regarding regulatory obligations, compliance procedures, or reporting, contact: compliance@andromeda-pay.com