Serving financial institutions means adhering to the stringent Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations of Switzerland. As a Swiss-based trading venue, RULEMATCH follows all legal requirements set out in the Swiss Anti-Money Laundering Act (AMLA) and Anti-Money Laundering Ordinance (AMLO-FINMA).

With the help of industry-leading tools for participant management, name, sanctions and transaction/wallet screening, RULEMATCH maintains a strict AML framework to ensure the integrity and security of the market for trading venue participants.

The post Overview/AML Framework first appeared on RULEMATCH.

RULEMATCH prepares a comprehensive KYC for each of its participants which is consistently updated. When onboarding a new participant, RULEMATCH uses Fidentity, a Swiss-based technology solution, to identify and verify select individuals. Participants that trade on the RULEMATCH venue can be assured that their counterparties have been fully vetted before admission.

Only regulated financial institutions and select companies that are supervised by a regulated financial institution are eligible for admission to trade on the RULEMATCH trading venue.

In addition, RULEMATCH only admits participants who conduct business in one of a limited number of well-regulated countries and which do not pose an increased risk of money laundering. These restrictions are designed to provide financial institutions with a trading venue that meets their institutional standards.

The post KYC first appeared on RULEMATCH.

The post AML screening first appeared on RULEMATCH.