Overview
Wickie (GreatIdee AG) operates under Swiss financial regulation (Anti-Money Laundering Act / AMLA). As required by Swiss law, all transactions — fiat and crypto — are subject to KYC checks regardless of amount. Above certain thresholds, additional verification is required.
Thresholds – natural persons
Threshold | Standard risk category | Elevated risk category | Action required |
Single transaction | CHF 20,000 (≈ EUR 20,000) | CHF 10,000 (≈ EUR 10,000) | Source of Wealth/Funds + review form |
Cumulative per month | CHF 50,000 (≈ EUR 50,000) | CHF 20,000 (≈ EUR 20,000) | Source of Wealth/Funds + review form |
Multiple transactions same day | Counted as 1 transaction | Counted as 1 transaction | Combined total applies |
Thresholds – Legal entities
Threshold | Standard risk category | Elevated risk category | Action required |
Single transaction | CHF 500,000 (≈ EUR 500,000) | CHF 100,000 (≈ EUR 100,000) | Source of Wealth/Funds + review form |
Cumulative per month | CHF 1,000,000 (≈ EUR 1,000,000) | CHF 200,000 (≈ EUR 200,000) | Source of Wealth/Funds + review form |
Multiple transactions same day | Counted as 1 transaction | Counted as 1 transaction | Combined total applies |
Note: Multiple transactions made on the same day are combined and treated as a single transaction. The monthly cumulative counter resets once the monthly threshold is reached. A minimum of 2 transactions is required for the cumulative threshold to apply.
What happens when a threshold is reached
When your transaction reaches or exceeds a threshold, Wickie will contact you to request:
Source of Wealth/Funds (SoW/SoF) — documents showing where the funds come from.
A completed special review form — sent to you by the Wickie team.
The process is straightforward and Wickie will guide you through each step.
How to prepare for large transactions
If you are planning to send a large amount — especially close to or above the thresholds — having the following documents ready will make the process faster and smoother:
Individuals:
Bank statements from the last 3–6 months
Payslip or income tax return
Proof of purchase (e.g. crypto purchase receipts)
Legal entities:
Company financial statements
Bank statements from the last 3–6 months
Important notes
Wickie does not accept physical cash.
All verification documents must be provided in writing.
Swiss law (AMLA / GwG) requires that all reviews are fully documented and traceable.
Wickie operates under Swiss financial regulation. These thresholds and requirements are set by the Swiss Anti-Money Laundering Act (AMLA / GwG).