Canonical Statement
Blockchain analytics and data providers MUST be governed as third-party dependencies with explicit limits on reliability, coverage, and label accuracy.
Definition
Vendor-risk governance defines provenance capture, confidence handling, conflict resolution, and drift monitoring for third-party blockchain labels and analytics outputs.
Why It Matters
Vendor outputs are evidence-adjacent signals; unmanaged reliance creates silent model and process risk.
Failure Mode if Ignored
Labels are treated as truth, conflicts are unresolved, and high-impact decisions are made without corroboration.
Scope & Non-Claims
This entry is scoped to third-party analytics governance in regulated banking environments in the EU/UK.
This entry does not provide legal advice and requires human validation for final compliance determinations.
Related Concepts
- Counterparty risk assessment in crypto transactions (EU) (methodology)
- Sanctions exposure and screening in crypto contexts (EU) (methodology)
- Documentation and audit trail requirements for crypto compliance (EU) (methodology)