Knowledge base

Blockchain transaction monitoring solutions

Blockchain transaction monitoring solutions are software tools designed to analyze and track the flow of transactions on a blockchain network. These solutions are used to detect suspicious or fraudulent transactions that may indicate money laundering, terrorist financing, or other financial crimes.

Blockchain transaction monitoring solutions typically use a combination of machine learning algorithms, statistical analysis, and rule-based systems to identify and flag unusual or high-risk transactions. They can also track transactions across multiple blockchain networks and trace the movement of funds from one wallet to another.

In addition to detecting suspicious transactions, blockchain transaction monitoring solutions can also help VASPs comply with regulatory requirements by providing detailed reports and analysis of transaction activity. They can also assist in conducting due diligence on new customers and in monitoring ongoing customer activity to ensure compliance with AML/CFT regulations.