Your Sanction Rapid Test

79,00 

Category:

Your Sanction Rapid Test

Know your risk of sanctioned transactions being bypassed through crypto

Get your result within minutes for only

79€*

» Order Sanction Rapid Test

* Important note: This is our pay-per-use offering for 79€ (plus MwSt./VAT if applicable). If you are interested in a larger number of tests at reduced prices or an API interface, please contact us at analytics@immutableinsight.com.

At a glance

  • Sanctions against individuals and entities from Russia and other restricted countries have been increased to an unforeseen degree
  • Sanction breaches are highly penalized, putting organizations as well as management at substantial, even personal criminal risk
  • Crypto transactions can be used to evade sanctions prior to your organization or client handling such funds
  • Immutable Insight provides security analytics that can test your risk for this form of sanction violation
  • Similar to a Corona rapid test, it provides a 80/20 assessment and certainty of your sanction violations risk exposure

Why is this relevant for your organization?

A payment transaction that has either been sent to or from your organization or client may have used a blockchain to transfer an equivalent amount in crypto. Such a crypto exposure of a regular payment transaction may be an indication of a short-term evasion effort to bypass sanctions against Russia or other restricted countries.

In order to determine if there is a crypto transaction associated with a regular payment transaction to potentially evade sanctions, you can now use our Sanction Rapid Test. This service enables you to understand a sanction-related crypto exposure that may put your organization and management at risk of highly penalized sanction breaches.

Similar to a Corona rapid test, our Sanction Rapid Test provides you with an easy and quick indication if your regular payment transaction bears a risk for you. The Sanction Rapid Test analyzes if a crypto transaction in Bitcoin (BTC), Ethereum (ETH), Tether (USDT) or USD Coin (USDC) matches your regular payment transactions.

Frequently asked questions (FAQs)

For whom is your test relevant?

Our test is relevant for all companies and organizations that have to comply with international sanctions rules – be it a bank, an asset manager or an industrial company.

What do I receive as a result of your Sanction Rapid Test?

As a result of our Sanction Rapid Test we provide you with a short report and score indicating your risk of sanction evasion through crypto with regard to a specific transaction. “Red” (Sanctioned) means there is a high likelihood of a sanction evasion. “Yellow” (Suspicious) indicates a medium likelihood and “Green” (Trustable) a low likelihood of a sanction evasion. Please find a sample report here. In any case, further forensic analyses can be conducted.

Which crypto assets fall under the scope of the Sanction Rapid Test and why?

The Sanction Rapid Test covers Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC), as these assets – due to their market capitalization – are among the most likely options to use to transfer value.

Are there any prerequisites for the type of transactions that can be tested?

Requests can be done for any payment transaction sent to or from your organization in fiat money (e.g., USD, EUR or any other fiat currency). Transactions must have a minimum face value of USD 10,000 and must have occurred after 01.01.2022 in order to receive valid results. The transactions may have been denominated in EUR or any other currency. In such a case, please use the appropriate exchange rate at the time of the transaction in question for a conversion to USD.

I do not have a PayPal account. Can I still use the Sanction Rapid Test?

Yes. PayPal allows you to pay for our service without an account. In the checkout process, simply click PayPal as your payment method. In the window that opens, click “Continue without PayPal account” to pay either by credit card or direct debit.

What if I have inserted the wrong transaction amount, date, or time, but nevertheless have finalized my order?

If this is the case, please contact us at analytics@immutableinsight.com and we will resolve the issue.

Do you offer tailored services beyond the pay-per-use offering?

Yes, for a higher number or transactions and starting at minimum 50 transactions, we also offer an API to test your risk exposure against sanction violation. Additionally, Immutable Insight offers a full-fledged analytical service for AML, compliance and forensics. For more information, please contact us at analytics@immutableinsight.com.

Disclaimer

Please be advised that only transactions after 01.01.2022 can be reflected in the Sanction Rapid Test, and that relevant transactions must have a minimum face value of USD 10,000. For transaction values denominated in EUR or another currency, please convert the amount to USD at the respective conversion rate. The query times refer to CET. Should you have any queries, reach out to us via analytics@immutableinsight.com.