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, wallet screening, and records — and what remains the customer’s own responsibility.
Roles & partners
Lootrunners provides non-custodial workflow, records, wallet-check, and orchestration software. 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, contractor, wallet, and transaction information needed to operate the Service, support screening, and maintain records. Customers remain responsible for determining their own compliance obligations, including contractor classification, tax, sanctions, and payment eligibility.
Wallet screening
Wallet destinations may be screened before they become payable and again before pay-run preparation. Changed destinations may be held, reviewed, or blocked. 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]