Cryptocurrency Compliance
Free Crypto Sanctions Screening Tools
Avoid interaction with sanctioned activity. Chainalysis offers free sanctions compliance screening tools to companies in the crypto ecosystem, including Web3 groups such as DEXs, DeFi platforms, DAOs and DApp developers, to bolster their compliance programs and adhere to sanctions policies.
Cryptocurrency sanctions screening API
Screen addresses via Chainalysis’ Crypto Sanctions Screening API. This tool is a simple, user-friendly way for you to validate addresses before allowing them to connect with your business by confirming whether an address is on a sanctions list.
Sanctions screening oracle
Leverage the Sanctions Screening oracle – a smart contract that checks if a cryptocurrency wallet address is on a sanctions list. Chainalysis maintains the smart contract on a variety of popular blockchains to provide more coverage across networks and assets.
Chainalysis address screening
Looking for the next step in a holistic compliance approach? Chainlaysis Address Screening, with its robust API, builds on Chainalysis’ free sanctions screening tools, providing information on smart contract exploits, hacks, terrorist financing and wallets related to sanctions. Take your compliance program to the next level with Chainalysis Address Screening.
Solutions for DeFi
DeFi is one of the fastest growing segments of cryptocurrency, but many organizations lack visibility when it comes to the information needed to prevent transfers or the commingling of funds with potentially risky addresses or entities. Our free sanctions screening tools are the first step in protecting your business.
Solutions for NFTs
The booming NFT market is ripe for new revenue streams, but also illicit activity. As demand grows, so does the importance of staying ahead of risks affiliated with NFTs and their transfers. Whether you’re an NFT issuer, collector or trader, a marketplace, or custody provider, Chainalysis provides intelligence and risk management tools to help better position you for their long-term utility.
Questions?
How do we define sanctions data?
Sanctioned entities refer to entities listed on economic/trade embargo lists, such as by the US, EU, or UN, with which anyone subject to those jurisdictions is prohibited from dealing. Currently, this includes the Specially Designated Nationals (SDN) list of the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).
You can search the full list of OFAC Specially Designated Nationals in OFAC’s sanctions database.
How do I know which solution is right for my company?
The Chainalysis Sanctions API is a RESTful API that returns information for all crypto addresses on the SDN list, whereas the Chainalysis Sanctions Screening oracle is an on-chain smart contract that checks only against sanctioned Ethereum/EVM addresses. Additionally, the API returns other information provided by OFAC about sanctioned addresses, including a property’s name, description, and URL.
We decided to integrate the Free Sanctions API into Dynamic's platform, as it enables us to offer a unique joint solution to our customer base. By using Chainalysis’ solution, developers using Dynamic can quickly block wallet addresses associated with illicit activity, helping them reduce risk and stay in front of the regulatory landscape.
Itai Turbahn
Co-Founder & CEO, Dynamic