1of10k – AML, KYC & KYB Compliance Summary
Last Updated: May 2026
1. Introduction
1of10k operates as a technology-enabled digital participation marketplace infrastructure connected to real-world assets, products, services, and experiences.
The Platform is committed to maintaining reasonable Anti-Money Laundering (AML), Know Your Customer (KYC), Know Your Business (KYB), sanctions compliance, and fraud prevention procedures designed to support platform integrity and regulatory compliance.
This summary provides a high-level overview of the Platform’s compliance approach.
2. Compliance Objectives
The Platform’s compliance framework is designed to support:
- identity verification
- fraud prevention
- sanctions screening
- anti-money laundering procedures
- prevention of unauthorized platform usage
- platform security
- regulatory cooperation where legally required
The Platform may implement risk-based compliance procedures appropriate for the operational structure of the ecosystem.
3. Verification Requirements
The Platform may require verification procedures for both individual users and business entities (providers).
Users may be required to complete identity verification procedures before accessing certain platform functions, including:
- marketplace credit transactions
- NFT activation mechanisms
- campaign-related services
- allocation procedures
- asset-related operations
- provider onboarding
Verification requirements may vary depending on:
- jurisdiction
- transaction activity
- campaign structure
- risk indicators
- applicable legal obligations
4. Verification Information
Verification procedures may include collection or review of:
- full legal name
- date of birth
- address information
- government-issued identification
- proof of address
- selfie or biometric verification
- business registration documentation for providers
- sanctions screening information
- source-of-funds information where required
Verification may be conducted directly or through third-party compliance providers.
Provider verification (KYB) procedures may include verification of:
- company registration records
- beneficial ownership information
- authorized representatives
- operational legitimacy
- business compliance documentation
- sanctions and risk screening
5. Risk-Based Compliance Approach
The Platform may apply a risk-based compliance framework considering factors such as:
- jurisdictional risk
- transaction patterns
- campaign-related activity
- account behavior
- blockchain interaction indicators
- sanctions exposure
- fraud indicators
Additional verification or restrictions may apply in higher-risk situations.
6. Restricted Jurisdictions and Sanctions
The Platform may restrict or prohibit access from:
- sanctioned jurisdictions
- embargoed regions
- restricted territories
- prohibited persons lists
- jurisdictions presenting elevated compliance risks
The Platform may utilize sanctions screening procedures in connection with:
- user onboarding
- provider onboarding
- transaction monitoring
- campaign-related services
- ongoing compliance reviews
7. Transaction Monitoring
The Platform may implement monitoring procedures related to:
- marketplace credit transactions
- blockchain interaction activity
- NFT activation mechanisms
- wallet interaction patterns
- suspicious account activity
- fraud indicators
- unusual transactional behavior
The Platform may review or restrict activity where reasonably necessary to maintain compliance obligations or platform security.
8. Third-Party Compliance Providers
The Platform may utilize independent third-party providers for:
- KYC verification
- AML screening
- sanctions screening
- identity verification
- fraud prevention
- blockchain analytics
- transaction monitoring
Third-party providers may process personal information in accordance with their own policies and applicable laws.
9. Non-Custodial Interaction Model
Where blockchain functionality is involved, users generally retain control of their own wallets, private keys, and digital assets.
The Platform primarily operates as infrastructure coordinating campaign-related services and allocation procedures.
The Platform generally does not hold user private keys.
10. Reporting and Cooperation
Where legally required, the Platform may cooperate with:
- regulatory authorities
- law enforcement agencies
- compliance investigations
- fraud prevention initiatives
- sanctions enforcement procedures
The Platform may restrict, suspend, or terminate access where reasonably necessary to comply with applicable legal obligations.
11. User Responsibilities
Users remain responsible for:
- providing accurate information
- maintaining lawful use of the Platform
- complying with applicable laws
- ensuring wallet ownership and authorization
- complying with jurisdictional restrictions
Providing false or misleading information may result in account restrictions or termination.
12. Compliance Limitations
The Platform may implement reasonable compliance procedures but cannot guarantee detection or prevention of all:
- fraudulent activity
- sanctions evasion
- unauthorized access
- illicit blockchain activity
- third-party misconduct
Users acknowledge that blockchain ecosystems may involve independent third-party risks outside the Platform’s control.
13. Updates to Compliance Procedures
The Platform may modify or enhance compliance procedures periodically in response to:
- regulatory developments
- operational requirements
- fraud prevention needs
- security considerations
- jurisdictional obligations
Updated procedures may become effective upon publication or implementation where permitted by law.
14. Contact Information
Questions regarding compliance procedures may be directed to:
legal@1of10k.com
This summary is intended to provide a high-level overview of AML, KYC, KYB, sanctions, and compliance procedures associated with the 1of10k platform and related services.