Are projects presented on Staria Swisspad checked for compliance?

Each project is required to complete a KYB process. This involves verifying the business entity’s legitimacy, assessing its operational and financial standing, and ensuring it meets all relevant legal requirements. The KYB process includes checking the business registration, financial records, and compliance with Swiss regulations.

In addition to the KYB process, the Ultimate Beneficial Owner (UBO) of each project must pass a KYC (Know Your Customer) check. This involves verifying the identity of the individuals who ultimately own or control the business. The KYC process for UBOs includes providing valid identification, proof of address, and additional documents as required to confirm their identity and ensure they meet all regulatory standards.

These checks help Staria Launchpad comply with Swiss laws, particularly those aimed at combating money laundering and terrorist financing. By verifying both the business and the individuals behind it, we ensure that all projects on our platform adhere to high standards of transparency and legality.