Regulatory compliance

1. Regulatory framework

The companies operating under the QuickExchange™ brand – namely Quick Change SA, Quick Digital SA and Quick Change & Partner SA – operate as authorised financial intermediaries.

In Switzerland, all financial intermediaries based in the country are required to affiliate with a self-regulatory organisation (SRO) or obtain authorisation from the competent supervisory authority in order to carry out their activities.

2. SRO affiliation and supervision

The companies are affiliated with the SRO PolyReg. PolyReg is an association recognised by the Swiss Confederation as a self-regulatory organisation pursuant to Article 24 of the Swiss Anti-Money Laundering Act (AMLA).

The association carries out the supervisory and monitoring tasks required by law with respect to its affiliated members, on the basis of its own regulations, and is itself subject to supervision by the Swiss Financial Market Supervisory Authority (FINMA).

Affiliation can be verified through the official FINMA register: SRO register – FINMA

3. Professional licences and insurance coverage

The companies also hold, through Ms. Carolina Sassi and Mr. Paolo Sassi, the currency exchange licence issued in accordance with the Swiss Act on the Exercise of Fiduciary Professions (LFid). A professional liability insurance policy issued by Lloyd’s of London is also in force, covering potential financial damages. In addition, Quick Change SA is registered as a professional purchaser of materials intended for melting, pursuant to Article 31a of the Swiss Precious Metals Control Act (LCMP).