Bitpanda Custody can now include compliance data in the body of our webhooks.

How does it work?

Whenever a Bitcoin or Ethereum transaction reaches our platform, our system will run a KYT check on it. Our platform will flag its risk level (high risk, low risk or unknown) and that information will be added to the property complianceInfo in the webhook payload.

This new property will provide useful and realtime information about any potential risky funds on any incoming transactions. Users can utilise this information at their discretion and take actions like quarantining the funds until a thorough investigation is completed.

This is an example of what complianceInfo would look like in the payload:

"complianceInfo":
{
        "asset": "BTC",
        "transferReference": "b1141feb04e36090061961183a0e0137371b25dd4af1d41a66cab4e8023bd4c0:132rjmbFRDuyka9jJxrWNchhupBQjqJkB5",
          "status": "SUCCESS",
          "decision": "ALLOW",
          "data": {
           "riskRating": "UNKNOWN",
            "cluster": {
              "name": null,
              "category": null
          }
        }
  }

You can refer to our Webhook API documentation for full details.

Field Definition

Field Name	Description
asset	BTC / ETH or a ERC20 token such us USDT, OMG...
transferReference	transactionHash : address (the address receiving funds)
status	SUCCESS indicates Bitpanda Custody successfully managed to query its KYT partner.
decision	ALLOW / QUARANTINE. Bitpanda Custody will flag with a QUARANTINE warning any transactions that are high risk from one of of the following categories: child abuse material sanctions terrorist financing Users are advised to quarantine the received funds until they have established the legitimacy of the transaction.
riskRating	UNKNOWN /HIGH/ LOW: Risk level associated with the transaction. Unknown risk means there is no known entity associated with the address
cluster	Addresses are added to clusters. This provides the general grouping of the sender of the transaction. E.g "Exchange"

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