AML & Sanctions
Lootrunners operates a non-custodial model: customers control their own wallets and authorize every transaction. This page describes the anti-money-laundering and sanctions controls Lootrunners provides (workflow, destination controls, and records) and what remains the customer’s own responsibility.
Roles & partners
Lootrunners is a non-custodial agent-spend control platform: workflow, records, destination controls, and orchestration software for governing what agents and people may access and spend. Customers control their own wallets and authorize transactions. Lootrunners does not take possession or control of customer funds, does not hold private keys, and does not unilaterally transmit funds. Where customers use third-party wallet, exchange, custody, on-ramp, off-ramp, or payment providers, those providers are responsible for their own regulated activities and obligations.
Customer due diligence
Lootrunners may collect business, agent, contractor, wallet, and transaction information needed to operate the Service and maintain records. Customers remain responsible for determining their own compliance obligations, including sanctions, tax, payment eligibility, and — where the contractor-payout workflow is used — contractor classification.
Destination controls & screening
Wallet destinations are subject to workflow controls before they become payable: verification steps, holds and review on changed destinations, and reviewable records. Lootrunners does not itself perform third-party sanctions or wallet screening; screening of counterparties and destinations remains the customer's responsibility, and third-party screening providers may be integrated where configured and contracted. Lootrunners may decline to prepare or support activity involving unsupported jurisdictions, sanctioned parties, high-risk wallet destinations, or activity that creates legal or compliance risk.
OFAC & sanctions
Lootrunners does not knowingly support activity that is prohibited by the U.S. Office of Foreign Assets Control (OFAC) or any other applicable sanctions authority. Customers must not use the Service to prepare, record, or facilitate transactions with sanctioned persons, entities, or jurisdictions, and remain responsible for sanctions screening of their own counterparties and wallet destinations. Where Lootrunners identifies potential sanctions or compliance risk, it may decline, hold, or block the preparation of related activity and may request additional information.
Contact
Compliance questions can be directed to our team.
Lootrunners · Chicago, IL · [email protected]