Blocklisted Address Detection - Withdrawal
Description
This test identifies transactions involving flagged entities suspected of illicit or high-risk activities, focusing on withdrawals to these wallets. Significant withdrawals can indicate misappropriation or unauthorized fund transfers. This process ensures adherence to anti-money laundering (AML) regulations.
Use Cases
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Regulatory Compliance and Reporting: Ensures adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations by identifying high-value transactions involving blocklisted addresses.
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Fraud Detection and Prevention: Tracks withdrawals to blocklisted addresses to identify potentially fraudulent activities, such as unauthorized fund transfers or laundering attempts.
Required Data
Withdrawals Data
| Variable | Description |
|---|---|
timestamp | Timestamp of the withdrawal made (YYYY-MM-DD hh:mm:ss). |
user_id | User ID to identify the individual user. |
symbol | The asset symbol; e.g., BTC, ETH, USD, EUR. |
price_usd | The price of the symbol in USD. |
amount | The amount of the symbol being withdrawn. |
from | The address from where the funds originate. |
to | The address to which the funds are withdrawn. |
Parameters
| Parameter | Description | Type | Default Value | Configurable |
|---|---|---|---|---|
analysis_window | The number of days of data to fetch for analysis. | Integer | 1 | Yes |
analysis_minimum_aggregate_dollar_threshold | The minimum transaction value required to trigger alerts. | Integer | 0 | Yes |
create_ticket | Flag to determine if tickets should be created for alerts. | Boolean | True | Yes |
Methodology
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Highlight Transactions Linked to Blocklisted Addresses Analyze withdrawals that exceed a set financial threshold within a specified timeframe that are linked to blocklisted addresses.
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Flag Users and Transactions Flag users and transactions that meet the minimum threshold criteria and interact with blocklisted addresses.