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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.

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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

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Running the Check

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API Endpoint

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

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Request Parameters

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agent_key
string
required
Use "public-bdd" for business due diligence checks.
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check_id
string
required
Use "kyb.high_risk_industry_check" for industry risk verification.
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payload
object
required
The business information for verification.

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Example Request

curl -X POST 'https://api.parcha.ai/api/v1/startKYBAgentJob' \
-H 'Authorization: Bearer YOUR_API_KEY' \
-H 'Content-Type: application/json' \
-d '{
  "agent_key": "public-bdd",
  "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"
    }
  }
}'

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Initial Response

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

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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

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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

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Check Results

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

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Response Structure

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