Transaction Monitoring
Overview
Transaction monitoring is the process of analyzing financial activity in real time or retrospectively to detect suspicious behavior. It is a regulatory requirement under AML/CFT laws. Institutions set rules and risk-based scenarios to flag unusual activity, such as large transfers, rapid movements of funds, or dealings with high-risk jurisdictions.Advanced systems use machine learning to reduce false positives and detect emerging typologies. Regulators expect continuous monitoring and prompt filing of SAR/STRs when suspicious activity is detected.Effective monitoring not only ensures compliance but also protects institutions from financial and reputational risks tied to financial crime.
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