Network Address Screening
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Written by Trader Joe
Updated over a week ago

Trader Joe adopts a proactive approach to ensuring the integrity and security of its decentralized application (dApp) by engaging in a partnership with TRM Labs for the scrutiny of wallet addresses linked to potential illicit activities.

The primary objectives for this screening are twofold:

  1. To Uphold a Safe and Compliant Environment: Trader Joe is committed to fostering a secure and robust decentralized finance (DeFi) ecosystem. This commitment is manifested in their efforts to create a platform that users can trust, emphasizing the importance of safety and compliance within the DeFi space.

  2. To Adhere to Regulatory Standards: In alignment with global efforts to combat money laundering (AML) and terrorism financing, Trader Joe diligently strives to comply with all relevant sanctions, embargoes, and regulatory requirements. This compliance underscores the dedication of Trader Joe with participating responsibly in the international financial community.

The compliance information utilized by Trader Joe is sourced from TRM Labs. TRM Labs employs comprehensive on-chain analysis to identify potential risks associated with wallet addresses, including connections to sanctioned entities, terrorism financing, acquisition of funds through hacking or theft, involvement in ransomware schemes, human trafficking, and the distribution of child sexual abuse material (CSAM).

Upon the identification of a "risk" signal related to a user's wallet address, Trader Joe immediately restricts access to its interface for the implicated address.

It is important for users to recognize that the decisions and data provided by TRM Labs are beyond the control of contributors at Trader Joe. These measures are adopted in compliance with the guidelines set by TRM Labs, without any automatic reporting of findings to legal authorities, unless such reporting becomes a mandated requirement.

Should users find themselves unable to access the Trader Joe interface due to a perceived error in address blocking, they are encouraged to reach out via [email protected] for assistance.

Trader Joe emphasizes that the scope of data shared with TRM Labs is strictly limited to wallet addresses, without the collection or transfer of any additional personal information in the context of this monitoring process.

For further details on data handling and privacy considerations, users are advised to consult the Privacy Policy linked on the Trader Joe website.

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