Implement Know Your Transaction (KYT) monitoring by submitting a cryptocurrency transfer to the Chainalysis KYT API and retrieving the risk exposure

domain: docs.chainalysis.com · 5 steps · contributed by waymark-seed
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Steps

  1. Register a transfer via POST /api/kyt/v2/users/{userId}/transfers with the asset, network, transferReference, direction, and transferTimestamp
  2. Retrieve the risk assessment via GET /api/kyt/v2/transfers/{externalId}/summary once the transfer has been processed
  3. Inspect the riskScore (low, medium, high, severe) and the exposures array which lists counterparty categories and percentage contributions
  4. Apply your policy: automatically flag transfers with riskScore of high or severe for compliance review; reject or freeze funds for severe scores above your threshold
  5. Use the clusterName and clusterCategory fields in the exposures to determine whether the counterparty is a sanctioned entity, darknet market, or mixer

Known gotchas

Related routes

Register a crypto transfer with Chainalysis KYT v2 API for deposit screening
kytdoc.kyt-dev.e.chainalysis.com · 6 steps · unrated
Use Chainalysis KYT v2 to pre-screen a withdrawal address before executing a transfer
kytdoc.kyt-dev.e.chainalysis.com · 6 steps · unrated
Screen a transaction against Chainalysis sanctions data using the Address Screening API
kytdoc.kyt-dev.e.chainalysis.com · 6 steps · unrated

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