Mandatory Compliance for Crowdfunding

Embargo compliance refers to the process of adhering to regulations and restrictions imposed by governments, organizations, or industries that prohibit or limit the sale, export, or transfer of certain goods, services, or technologies. Embargoes are often implemented to:

1. Embargo Countries: Nations with whom trade is entirely or heavily restricted due to political, economic, or security reasons.

2. Sanctioned Countries: Nations or entities under specific restrictions, such as trade, financial dealings, or travel, imposed by governments or organizations like the UN.

3. OFAC: The U.S. Treasury's Office of Foreign Assets Control, which enforces sanctions programs targeting countries, entities, and individuals.

The compliance confirmation checkbox ensures that contributors comply with U.S. laws and regulations concerning restricted territories and entities, as enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). Contributors are required to check this box to certify compliance before signing CLA. By doing so, they confirm that they or their organization meet the compliance criteria outlined. False certifications may result in the rejection or revocation of the contributor or organization.