An SRO membership is an affiliation with a Self-Regulatory Organization (SRO) recognized by the Swiss Financial Market Supervisory Authority (FINMA). This affiliation, often called AML registration — or colloquially referred to as a Swiss crypto license, SRO license, Swiss PSP, or financial intermediary license — enables you to conduct financial activities that do not require direct FINMA licensing. It is particularly attractive due to its straightforward process and swift approval.
Switzerland currently counts 11 SROs (see complete list of Swiss SROs), including VQF and SO-FIT. This is why some refer to a VQF license, SO-FIT license, or SRO licence. In reality, these terms simply denote affiliation with an SRO. Professional financial intermediaries pursuant to Art. 2 para. 3 of the Anti-Money Laundering Act (AMLA) must join an SRO recognized by FINMA in accordance with Art. 14 para. 1 AMLA.
SROs have the authority to establish their own regulations, guidelines, and AML processes within the legal framework set by Swiss law and FINMA. Some SROs simply reference FINMA's AML regulations in their internal guidelines, while others opt to draft their own, often mirroring or closely aligning with the FINMA AML Ordinance. Members of an SRO are required to comply with these regulations and undergo regular AML audits to ensure continued adherence.
Companies that are SRO members can be found on the FINMA website: Search for an SRO member
