St. Gallen, Switzerland, October 2017. The owner of the Payment21® brand has recently been licensed as a Directly Subordinated Financial Intermediary (DSFI). The third-party processor is now supervised by the Swiss Financial Market Supervisory Authority (FINMA) for compliance with Anti-Money-Laundering (AML) laws and Know-Your-Customer (KYC) rules.

After over one year of substantial effort and investment, the company received a regulatory upgrade, making it the first Bitcoin firm in Switzerland directly supervised by the Swiss Financial Market Supervisory Authority (FINMA) for compliance with Anti-Money-Laundering (AML). Moving Media GmbH, was formerly a member of Geneva’s ARIF, the Association Romande des Intermédiaires Financiers, a self-regulatory organization (SRO) under Swiss private law.

Moving Media GmbH has now reached a new level of regulatory compliance for firms dealing with crypto currency in Switzerland. As Managing Director Bernhard Kaufmann observes, “We are committed to meeting the legal requirements of the Swiss financial marketplace. Our handling of compliance issues enriches the digital currency ecosystem, and demonstrates that Swiss regulators embrace competitiveness in financial services, and truly encourage Fintech innovation in the digital era.”

Both the company’s business model and its compliance with the Anti-Money-Laundering law (AML) and regulations were carefully evaluated by Swiss FINMA, the Financial Market Supervisory Authority, prior and the company’s admission as a DFSI.