Lombard
  • Unlocking Bitcoin's Potential
    • Introducing Lombard & LBTC
      • Our Value Proposition
      • The State of Bitcoin
      • Lombard's Mission & Vision
  • Lombard's Partners
    • Babylon's Bitcoin Staking
    • Lombard's Security Consortium
  • Bitcoin Staking Partners
  • LBTC: Liquid Bitcoin
    • Introduction to LBTC
    • DeFi Vaults
      • Lombard DeFi Vault
        • LBTC/LBTCv
      • Bitcoin Bera Vault
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    • Lux & Luminary Program
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      • Nov. '24 The Golden Bull
      • Dec. '24 Flash Event
    • Staking Yield Distribution
    • Supported Blockchains
    • User Guides
      • Staking BTC & Minting LBTC
      • Unstaking LBTC
      • Lombard DeFi Vault: Depositing & Withdrawing
      • Claiming BABY
      • LBTC Bridging to Sui
  • Technical Documentation
    • Smart Contracts
    • Protocol Fees
    • Protocol Architecture
      • Lombard Ledger (Consortium)
      • CubeSigner: Key Management
      • Bascule Drawbridge
      • LBTC Design
      • Babylon Staking
      • PMM Module
      • Trustless Relayer
    • Oracles
    • Audits & Bug Bounties
    • Sanctions & Risk Monitoring
    • Transaction Tracing
  • Frequently Asked Questions
    • FAQs
      • BABY FAQs
  • Developers
    • Lombard SDK V3
    • SDK FAQ
    • Lombard SDK V2 (deprecated)
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  1. Technical Documentation

Sanctions & Risk Monitoring

Lombard utilizes TRM Labs and Elliptic Enterprises to fulfil our legal obligations, and also to develop our own enhanced risk framework beyond this baseline.

All wallet addresses (for BTC deposits, LBTC minting, and bridging LBTC between networks) are scanned against TRM for every request.

Overview of our risk framework:

  • An address cannot be sanctioned by OFAC (Office of Foreign Assets Control).

  • An address cannot be a close counterparty to a sanction address.

  • An address cannot hold a share of funds obtained by illicit means.

In the event of interaction with Lombard via a sanctioned address, the following will occur:

  • Lombard's Security Consortium will not sign for the minting of LBTC or the redemption of LBTC

  • Lombard's Security Consortium will not stake relevant BTC into Babylon

  • Depending on the severity of the risk event; Lombard Protocol is required to hold these funds and may only return with relevant authorization.

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Last updated 1 month ago