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Compliance & KYC / AML

Compliance & Know-Your-Customer (KYC) / Anti-Money Laundering (AML) Statement

Last updated: 2 October 2025

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1. Regulatory Disclosure

DocSafe LLC dba Docubit, incorporated in Wyoming, United States, is committed to full compliance with all applicable laws and regulations governing digital assets, financial services, and data protection. We do not tolerate the use of our products or services for money laundering, terrorist financing, fraud, or any other criminal activity. The Docubit ($DBIT) token presale is offered in compliance with international AML (Anti-Money Laundering) and KYC (Know Your Customer) standards. By participating in this presale, you confirm that you are not a resident of, or located in, a restricted jurisdiction and that you agree to undergo identity verification.

Docubit tokens are utility tokens that provide access to future features within the DocSafe ecosystem. They do not represent equity, ownership rights, voting rights, or profit participation in DocSafe, its affiliates, or partners.

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2. Restricted Jurisdictions
Due to regulatory requirements, citizens or residents of the following countries are prohibited from participating in this presale: United States, China, North Korea, Iran or any jurisdiction subject to UN, OFAC, or EU sanctions. We enforce jurisdictional requirements via the active geofencing of access to the DBIT purchase / claim app.

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3. KYC Requirements 
All tokens are vested and not issued to customers until a smart contract enforced vesting period of 3 to 12 months expires. To protect our community and ensure compliance, all participants must complete KYC verification before the token vesting period expires and tokens are formally received by the customer. Note that additional KYC layers may be required to access the purchasing hub after the close of the presale but before the vesting period expires when tokens can be claimed by participants. Our initial KYC requirements are implemented at the purchasing page before entry into the purchase / claim app and are as follows: 
 

Tier 1 – Light KYC (default for small buyers) implemented at purchasing page and before tokens are claimed:

  • Applies to token allocations under $1000.

  • Requires name, email, country of residence to purchase token allocation.

  • Requires government-issued ID and selfie verification to claim token allocation after vesting date expires.
     

Tier 2 - Standard KYC (for medium buyers)​ - implemented at purchasing page and before tokens are claimed:

  • Applies to token allocations from $1000 to $9,999.

  • Includes Tier 1 checks initially plus proof of address (utility bill, bank statement) to claim token allocation.


Tier 3 – Enhanced KYC (for largest buyers) - implemented at purchasing page and before tokens are claimed:

  • Applies to token allocations over $10,000.

  • Includes Tier 2 checks plus a source of funds/wealth declaration & manual review to claim token allocation.

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4. AML & Compliance Practices

  • We verify the identity of customers and counterparties where required by law.

  • We maintain appropriate records of customer information and transaction history.

  • We may request additional information or documentation to confirm identity, source of funds or nature of transactions.

  • We may refuse service, freeze, or terminate accounts that present heightened AML or sanctions risks.


5. Prohibited Activities

Our services and products must not be used for:

  • Financing terrorism or other criminal activity.

  • Sanctions evasion.

  • Fraudulent token offerings, pump-and-dump schemes, or unregistered securities sales.

  • Concealing the origin of illegally obtained funds.

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5. Monitoring & Reporting

  • We monitor for suspicious activity and reserve the right to file Suspicious Activity Reports (SARs) with competent authorities.

  • We cooperate fully with regulators, financial intelligence units, and law enforcement as required by law.

  • We retain the right to suspend or terminate accounts without notice where prohibited or suspicious activity is identified.
     

7. Commitment to Transparency

DocSafe LLC dba Docubit aims to operate as a legitimate, transparent provider of blockchain-enabled technology. All communications and marketing will comply with applicable consumer protection, advertising, and financial promotion standards.

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For compliance inquiries, contact us at info@docubit.io.

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View our Privacy Policy here

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View our Legal Disclaimers here

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