Chainalysis Sanctions Screening Tools
Chainalysis have release new, free to use sanctions screening tools, making it easier for any organization to integrate sanctions screening for cryptocurrencies into their existing operation. "The inherent transparency of the blockchain can make cryptocurrency a powerful deterrent to sanctions evasion...Cryptocurrency compliance professionals with the right data and technology are effective at identifying transactions by sanctioned entities and taking action."
The solutions include:
- An API designed for web/mobile UIs and web servers: Users will receive an API key through which they can check if an address of interest is on the sanctions list or not
- An on-chain oracle designed for smart contacts: Users can call the Chainalysis oracle from another smart contract to check if an address is on a sanctions list. The Chainalysis oracle is deployed on most EVM chains like Ethereum, Avalanche, BSC, Polygon, Optimism, Arbitrum, Celo.