High Risk Industry Check

Learn how to run high risk industry checks to verify a business’s industry classification

The High Risk Industry check helps identify potential risks by verifying a business’s industry classification and ensuring it does not operate in prohibited or high-risk industries. This guide explains how to run the check, what data to provide, and how to interpret the results.

Overview

The check analyzes various aspects of a business’s industry:

• Primary business activities
• Industry classification
• Prohibited industry screening
• High-risk sector evaluation
• Business model assessment

Running the Check

API Endpoint

POST https://api.parcha.ai/api/v1/startKYBAgentJob

Request Parameters

Important: You must use your own agent key, not a default or public agent key. Your agent key can be found in the Parcha dashboard under your agent’s settings, or in the “Test API Integration” dialog.

agent_key · string · required

Your KYB agent key from the Parcha dashboard. This is unique to your organization and agent configuration.

check_id · string · required

Use "kyb.high_risk_industry_check" for industry risk verification.

payload · object · required

The business information for verification.

Show Payload Properties

id · string · required

A unique identifier for this check case.

self_attested_data · object · required

business_name · string · required

The legal name of the business to verify.

industry · string

The self-attested industry of the business.

business_activity · string

Description of the business’s activities and operations.

Example Request

cURL

curl -X POST 'https://api.parcha.ai/api/v1/startKYBAgentJob' \
-H 'Authorization: Bearer YOUR_API_KEY' \
-H 'Content-Type: application/json' \
-d '{
  "agent_key": "your-kyb-agent-key",
  "check_id": "kyb.high_risk_industry_check",
  "payload": {
    "id": "industry-check-001",
    "self_attested_data": {
      "business_name": "Parcha Labs Inc",
      "industry": "Financial Technology Services",
      "business_activity": "Development and provision of business verification and compliance software solutions"
    }
  }
}'

Initial Response

{
  "id": "job-abc123",
  "status": "PENDING",
  "created_at": "2024-02-15T10:30:00Z",
  "updated_at": "2024-02-15T10:30:00Z",
  "agent_id": "your-agent-key",
  "input_payload": {
    // Original request payload
  }
}

Retrieving Check Results

Once the job is complete, retrieve the results using the job ID with the getJobByID endpoint. Make sure to include the include_check_results=true parameter to get the full check results.

GET https://api.parcha.ai/api/v1/getJobByID?job_id=job-abc123&include_check_results=true

Check Process

The high risk industry check follows these steps:

1. Industry Analysis

   • Evaluates primary business activities
   • Analyzes business model and operations
   • Reviews product and service offerings

2. Risk Classification

   • Screens against prohibited industries
   • Identifies high-risk sectors
   • Assesses regulatory requirements

3. Verification Process

   • Reviews business documentation
   • Analyzes online presence
   • Verifies against NAICS standards
   • Cross-references industry databases

Check Results

Once the check is complete, you can retrieve the results using the check ID. The results will include:

Response Structure

{
  type: "IndustryActivityCheckResult";
  passed: boolean;
  verified_industry: string | null;
  verified_business_activity: string | null;
}