KYC/AML Policy

Last update: August 25th, 2025

Last update: August 25th, 2025

Applies to: LongBoat Digital LLC

Definitions – LongBoat NFTs

For the purposes of these Terms, the expressions “LongBoat Digital Licence,” “LongBoat NFT,” and “LongBoat Collectible” are used interchangeably and shall have the same meaning. Each refers to the blockchain-based digital item issued by LongBoat Digital LLC that may be freely transferred or sold on secondary marketplaces, and which grants the current holder the right to access and participate in the LongBoat network as described herein.

1. Purpose

This Know Your Customer and Anti-Money Laundering (“KYC/AML”) Policy outlines the measures taken by LongBoat Digital LLC (“Company”) to prevent its services from being used for money laundering, terrorist financing, or other illicit activity.

2. Scope

This Policy applies to:

  • All users of the LongBoat dApp and NFT Digital Licenses.

  • All transactions conducted through LongBoat Digital LLC’s platform.

3. Principles

  1. No Custody of User Funds LongBoat Digital LLC never holds or manages user funds. NFTs and rewards are transferred directly between user wallets and smart contracts.

  2. Wallet Screening:

    1. All wallet addresses interacting with LongBoat smart contracts may be screened against public sanctions lists (OFAC, EU, UN).

    2. Transactions from sanctioned addresses will be blocked.

  3. Jurisdictional Restrictions LongBoat NFTs are not offered to residents, citizens, or green card holders of the United States, China, or any country subject to comprehensive sanctions.

  4. Prohibited Uses Users may not use LongBoat NFTs or dApp for:

    1. Money laundering, terrorism financing, sanctions evasion.

    2. Transactions involving darknet markets, ransomware, or other illicit activity.

  5. Cooperation with Authorities LongBoat Digital LLC may cooperate with regulatory or law enforcement authorities in cases of suspected illicit activity, subject to applicable law.

4. Risk-Based Approach

Because LongBoat Digital LLC is a non-custodial software provider, KYC is implemented through wallet-level screening and jurisdictional restrictions, rather than collection of personal documents.

5. User Representations

By interacting with the LongBoat dApp, the user represents and warrants that:

  • They are not a prohibited person under Section 7 of the Terms of Service.

They are not using the service for unlawful purposes.

PreviousCookie & Tracking Policy

Last updated