Coverage figures are indicative of the aggregate reach of the third-party providers First Mile Labs orchestrates, not data First Mile Labs owns. Actual coverage depends on the vendors you connect and your own commercial terms with them.
Coverage by country →What to look for in wallet-screening software
Vendor-agnostic analytics access
Blockchain-analytics providers differ sharply in chain coverage, attribution data, and risk methodology — and most institutions either already hold a contract with one or want the freedom to switch. Wallet-screening software that hardwires a single analytics vendor leaves you exposed to its blind spots and its pricing. Look for a platform that operates as a vendor-agnostic orchestration layer: one that gives you access to wallet and blockchain screening through the analytics provider you choose, connects via your own credentials, and leaves your existing commercial relationship intact.
Broad chain and asset coverage
Illicit activity does not confine itself to the chains you happen to support. Exposure can route through alternative layer-1s, layer-2 rollups, bridges, and long-tail tokens that a narrow screen never touches. Effective wallet-screening software gives you access to coverage across a broad set of blockchains and millions of tokens and digital assets, so a customer's real exposure profile is assessed rather than just the handful of assets your tooling happens to recognise.
Illicit-exposure detection that explains itself
A binary "risky / not risky" verdict is not enough for a compliance file. Analysts need to see why an address scored the way it did — exposure to mixers, darknet markets, scams, sanctioned entities, or stolen funds — with the supporting evidence attached. Look for software that surfaces categorised, explainable exposure rather than an opaque score, so a disposition decision can be made and defended on the basis of what was actually found on chain.
Wallet signals wired into risk
Wallet exposure only changes outcomes when it reaches the same engine that weighs sanctions, ownership, and jurisdiction risk. A screen that produces a standalone report leaves the analyst to reconcile it manually. Look for wallet-screening software that feeds its exposure signals straight into your composite risk score and enhanced-due-diligence triggers — so a high-exposure wallet flags the case for analyst attention automatically, at onboarding and on every monitoring cycle as the exposure profile shifts.
Audit-ready, lifecycle screening
Wallet risk is not static — an address that was clean at onboarding can become tainted as new transactions land. You need screening that runs across the full relationship lifecycle and an audit trail to match: which address was screened, what exposure was found, which provider returned it, and how it was dispositioned. The best wallet-screening software captures this automatically and re-screens as exposure changes, so every crypto-driven decision is reproducible and defensible under regulatory inspection.
Key capabilities
How it works
A customer's wallet address or counterparty is queued for screening as part of onboarding or ongoing monitoring.
The platform screens the address across the relevant chains and returns sanctions hits and illicit-exposure signals with confidence.
Analysts review exposure to mixers, darknet markets, scams, and sanctioned entities with full supporting evidence.
Wallet-exposure signals feed the overall risk score and EDD triggers. High exposure flags the case for analyst attention.
Wallet screening for every crypto use case
Exchange and VASP onboarding
Virtual-asset service providers — exchanges, custodians, and OTC desks — sit at the highest end of the crypto risk spectrum, both as customers to be onboarded and as counterparties whose own controls you depend on. Access to broad chain and asset coverage lets you assess a VASP applicant on the real exposure flowing through its operational wallets, alongside the corporate KYB and AML checks on the same case, so a licensing or onboarding decision rests on what the chain actually shows rather than a self-declared risk policy.
Individual wallet holders
Customers increasingly arrive holding self-custodied wallets, and a single address can quietly connect an otherwise clean applicant to mixers, scams, or sanctioned entities. Access to wallet screening within the same onboarding flow means an individual's declared addresses are screened for illicit exposure and sanctions hits alongside their identity and AML checks — so the risk behind the wallet reaches the decision without pulling the customer into a separate tool.
Counterparty and transaction screening
Risk does not stop at your own customers — it routes through the counterparties they transact with. A clean wallet that sends to or receives from a sanctioned or high-exposure address inherits that risk. Access to counterparty screening lets you assess the addresses on the other side of a transaction, surface categorised, explainable exposure, and feed it into the same risk engine and EDD triggers — so emerging counterparty risk is caught on every monitoring cycle, not just at onboarding.
Why wallet screening matters
As digital assets move into the financial mainstream, the wallet has become a first-class compliance surface. A single address can connect a customer to sanctioned entities, mixers, darknet markets, or stolen funds — exposure that never appears in a traditional name screen. First Mile Labs orchestrates wallet and blockchain screening directly into the same onboarding and perpetual-monitoring flow as every other check: the platform provides access to screening across more than 70 blockchains and millions of tokens and assets, detects sanctions and illicit exposure in real time, and feeds the result straight into the case risk score and EDD triggers. Connect your own blockchain-analytics provider or run on the platform's orchestrated access — the risk behind every wallet reaches the decision without leaving the case.
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