KYC & AML Policy

1. Our commitment

LF Labs does not want Lovely Legends used to launder money, finance terrorism, evade sanctions or move the proceeds of crime. We maintain internal controls intended to detect and prevent that use, we act on credible information that it is happening, and we cooperate with valid requests from competent authorities.

2. Monitoring for suspicious activity

Activity on the Platform is monitored for patterns that commonly indicate abuse, including:

• Deposit and withdrawal patterns inconsistent with ordinary trading, including rapid pass-through of funds
• Structuring — breaking activity into smaller pieces to stay under a threshold
• Trading intended to move value between accounts rather than to take market risk
• Networks of accounts operated by one party, including through referrals
• Interaction with addresses associated with theft, fraud, ransomware, sanctioned entities or high-risk mixing services
• Account behaviour consistent with takeover, coercion or a scam victim being talked through a deposit

3. When identity verification may be required

There is no blanket identity check to open an account today. Verification may be requested from an individual account depending on risk, on transaction size or pattern, on the region you are accessing from, on the product or feature you are using, or where it is needed to satisfy a legal obligation.

Where verification is requested, we may ask for government-issued identity documents, proof of address, source-of-funds information, or an explanation of a specific transaction. Until a request is satisfied, some or all account functions — typically withdrawals — may be limited.

4. Sanctions

We do not knowingly provide services to individuals or entities subject to applicable sanctions, or to anyone acting on their behalf. Accounts and blockchain addresses may be screened against sanctions and high-risk lists. Where a match is identified, access may be suspended and funds may be frozen pending review and, where required, reported.

You confirm, each time you use the Platform, that you are not subject to sanctions and are not acting for anyone who is.

5. Restricted activity

• Using an account on behalf of an undisclosed third party, or letting someone else use yours
• Depositing funds you know or suspect to be the proceeds of crime
• Providing false, forged or borrowed identity information
• Using the Platform to evade a sanction, a control, or a restriction that applies to you
• Operating a money transmission, exchange or payment service through a personal account

6. Account review, restriction and closure

Where a review is opened, we may pause withdrawals, restrict trading, or suspend an account while we look at it. We aim to keep reviews as short as the facts allow and to tell you what we need from you. In some circumstances the law prevents us from explaining why a restriction is in place or how long it will last.

If a review closes with no concern, restrictions are lifted. If it does not, an account may be closed and, where required, the matter reported.

7. Cooperation with lawful requests

We respond to valid legal process from competent authorities. Requests are checked for authority and scope before anything is disclosed, and we disclose only what the request actually covers. The process, and what a request must contain, is set out on the law enforcement page.

8. Reporting a concern

If you believe an account is being used for fraud or money laundering, or you have been targeted by a scam involving Lovely Legends, email support@lflabs.fund with the detail you have — usernames, transaction hashes, times and screenshots. Reports are treated confidentially.