Is Staria referral system legal ?

Ensuring that the referral system you are participating in is legal and compliant with local regulations is crucial. Here’s an overview of the legal status and compliance measures of Staria Swisspad’s referral system.

Yes, Staria Swisspad’s referral system is legal and operates in compliance with Swiss regulations.

Staria Swisspad operates under Swiss laws, which are known for their strict financial regulations. This ensures a high level of security and compliance for all users.

Staria Swisspad, through its affiliation with Crassula S.A., is a member of SO-FIT (https://so-fit.ch/), a self-regulatory organization approved by the Swiss Federal Financial Markets Supervisory Authority (FINMA). This affiliation ensures compliance with Swiss federal law on the fight against money laundering and the financing of terrorism (LBA).

Staria Swisspad requires all users and referrals to complete KYC and AML checks. These checks help prevent fraud and ensure that all participants comply with legal standards.

Staria Swisspad maintains transparency in its operations, providing clear information about its processes and compliance measures to users.

Yes, our model is a multi-level reward structure, and we are associated with MLM (Multi-Level Marketing). However, it is important to note that we are not a Ponzi pyramid scheme. Our model is profit-sharing based on your referral’s participation in the platform, and we do not redistribute fees from subscriptions.

Yes, multi-level marketing (MLM) is legal in Switzerland, provided it operates according to specific regulations. MLM companies must ensure that the primary source of revenue is the sale of products rather than the recruitment of new sellers. This is to prevent the business from becoming an illegal pyramid scheme, which relies on continuous recruitment to sustain itself and can collapse when new recruits are no longer available.

This law aims to prevent misleading commercial conduct and ensures that MLM practices do not breach the rules of good faith.

SECO advises caution with MLM business models and warns that participants may be held liable under civil or criminal law if the business model is found to be illegal.

While MLM is permitted in Switzerland, it is subject to strict regulations to ensure it does not operate as a pyramid scheme. Staria Swisspad’s referral system is designed to be fully compliant with Swiss regulations, ensuring its legality and the security of its users. By following strict KYC and AML procedures, Staria Swisspad maintains a legal and transparent platform. For more detailed information about our compliance measures, visit our Compliance and Legal page.