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Compliance Features

SphereNet provides a comprehensive suite of compliance tools that work together to enable regulatory-compliant operations while maintaining efficiency and flexibility.

Core Components​

Sphere Verification​

The Sphere verification badge system provides on-chain attestation of entity verification. Each badge contains essential compliance information including entity type, jurisdiction, and regulatory status. For details, see Sphere Verification.

Live Risk Evaluation​

The Sphere Guard system provides continuous transaction monitoring and screening through built-in risk assessment engines. Participants can define custom risk assessment rules and policies that are automatically enforced at runtime.

Regulatory Oversight​

Through Custom Auditors, the network enables secure regulatory access to encrypted data when legally required, while maintaining strict confidentiality by default.

Key Features​

Ledger of Financial Activity​

  • Immutable audit trail for all transactions
  • Cryptographic proofs of transaction validity
  • Secure data compartmentalization

Integrated Compliance Reporting​

  • Multiple reporting formats for different jurisdictions
  • Automated report generation and delivery
  • Support for various AML/KYC frameworks
  • Real-time monitoring capabilities

Integration​

Above components work together to create a comprehensive compliance framework that seamlessly integrates multiple critical functions. The framework prevents unauthorized access while continuously monitoring transaction patterns across the network. It facilitates necessary regulatory oversight and maintains detailed audit trails of all activities. Additionally, the system supports global reporting requirements across different jurisdictions.

This systematic approach ensures that compliance is foundational rather than supplementary, enabling institutions to operate confidently within regulatory requirements.