The Compliance category of the Faraday API provides tools for managing users compliance rules and record keeping of transactions.
Compliance API
The Compliance API provides tools to manage counterparties and enforce regulatory
policies such as the Travel Rule, KYC/AML, and other user defined rules.
Key Features
- Rule Management: Define and maintain compliance conditions (e.g., address blacklists, transaction limits).
- Counterparty Directory: Manage IVMS101 identity data for known
counterparties. - Compliance Status: Enrich transactions with identity and policy
validation data.
Use Cases
- Compliance: Assess the risk levels of blockchain addresses to ensure compliance with regulations and to avoid engaging with malicious entities.
- Fraud Prevention: Identify and mitigate potential fraud risks by analyzing the risk scores associated with addresses and transactions.
- Due Diligence: Use risk scores to vet addresses and transactions before initiating business or financial operations on the blockchain.
Security
All API endpoints in the Compliance category require an API key for authentication, passed in the X-API-KEY header.
Usage
Enables users needing to enforce identity-linked compliance and regulatory checks before executing blockchain transactions.
Endpoints Overview
For full details on how to use the Risk API, including request parameters and example responses, refer to the endpoint descriptions for /v1/compliance/address and /v1/compliance/transaction.