Rules and Regulations

Effective Date: November 2024

OLLiN is a platform dedicated to empowering entrepreneurs and fostering innovation through crowdfunding and community engagement. To ensure a safe, transparent, and compliant environment, all users, projects, and transactions must adhere to the following rules and regulations.

1. Project Creation

• Purpose: Projects must aim to create tangible or intangible value, including products, services, ideas, events, or experiences. All projects must have a clear objective and a definitive end goal.
• Compliance: All projects must comply with applicable local, national, and international laws, including anti-money laundering (AML), Know Your Customer (KYC), and sanctions regulations.
• Prohibited Activities: Projects must not include activities that are illegal, unregulated, or violate sanctions as outlined in Section 5 of this document.

2. User Verification and KYC

• Mandatory Verification: Any user intending to collect funds must complete the KYC process facilitated by our compliance partners (e.g., Stripe, Persona). This includes verifying identity, residency, and sanctions screening.
• Restrictions for Fund Collection:
  1. Users who fail KYC verification are prohibited from collecting or accessing funds.
  2. Suspicious users may face further investigation by OLLiN’s Trust & Safety Team and possible escalation to regulatory authorities.
• Ongoing Monitoring: User accounts and activities will be subject to periodic reviews to ensure compliance with AML and sanctions requirements. Changes in circumstances (e.g., flagged activity) may trigger additional verification.

3. Transparency and Accountability

• Honest Representation: Users must present truthful and accurate information about projects. Misleading claims, false representations, or unsubstantiated promises are strictly prohibited.
• Financial Accountability: Creators must provide detailed and transparent financial information, including how funds will be used. Misuse of funds is grounds for immediate suspension and potential legal action.
• Project Updates: Creators must regularly update supporters on project progress, including delays, pivots, or issues impacting delivery.

4. Fundraising Limitations

• Charity Projects: Projects may not raise funds solely for charitable purposes. Nonprofits are permitted to launch projects if funds directly support a specific initiative.
• Equity and Investment Prohibitions: Projects cannot offer equity, revenue sharing, or financial returns.
• Donation Restrictions: Transactions involving anonymous or high-risk donation patterns will be flagged for further review.

5. Prohibited Activities and Content

IOLLiN prohibits the following in all projects and user interactions:

1. Illegal Activities: Projects involving activities that violate local, national, or international laws.
2. Sanctions Violations: Transactions or projects involving individuals, entities, or jurisdictions subject to sanctions by OFAC, the EU, or other global regulatory bodies.
3. High-Risk or Regulated Industries:
   • Health and medical claims without regulatory approval.
   • Gambling, raffles, or lotteries.
   • Financial services, including lending, crypto trading, or insurance.
   • Sales of alcohol, drugs, weapons, or other regulated substances.
4. Offensive Content: Material promoting hate, discrimination, violence, or explicit content.
5. Unverified Technology: AI or other emerging technologies must disclose their applications and limitations.

6. User Conduct and Compliance

• Respectful Engagement: Users must engage professionally and respectfully. Harassment, abusive language, or discrimination is prohibited.
• Compliance Oversight: Users are required to cooperate with OLLiN’s Trust & Safety Team in investigations related to flagged activities or projects.
• Data Accuracy: Users must keep account details current. Inaccurate or outdated information may result in account suspension.

7. Sanctions and AML Enforcement

• Screening: All users are screened against global sanctions lists, including OFAC, FATF, and other recognized authorities. Users identified on these lists are prohibited from accessing the Platform.
• Transaction Monitoring: IOLLiN monitors all transactions for suspicious activity, including:
  • High-value contributions.
  • Unusual funding patterns.
  • Activity originating from high-risk jurisdictions.
• Suspicious Activity Reporting (SAR): IOLLiN complies with legal obligations to file SARs with relevant authorities, including FinCEN.

8. Environmental Responsibility

IOLLiN encourages environmentally responsible practices:

• Projects should minimize their environmental footprint.
• Our platform offsets its footprint through IOLLiN’s Carbon Offset Program.

9. Intellectual Property and Legal Compliance

• Intellectual Property Protection: Projects must respect copyright, trademarks, and other proprietary rights. Misuse of intellectual property will result in removal and possible legal action.
• Compliance with Financial Laws: All financial transactions must comply with AML, KYC, and tax laws.

10. Violations and Enforcement

• Policy Violations: Users found violating these rules may face:
  1. Account suspension or termination.
  2. Forfeiture of funds.
  3. Legal or regulatory action.
• Appeals: Users may appeal decisions by submitting a written request to OLLiN’s Trust & Safety Team within 10 business days of receiving notification.

11. Contact Information

For questions or concerns regarding these Rules and Regulations, please contact:

Email: support@iollin.com
Compliance: compliance@iollin.com
Mailing Address:
IOLLiN, Inc.
9436 W. Lake Mead Blvd, Suite 5 #1146
Las Vegas, NV 89134