Definition ∞ Transaction compliance refers to adherence to legal and regulatory requirements governing financial transactions, including anti-money laundering (AML) and know-your-customer (KYC) rules. This involves monitoring, reporting, and record-keeping to prevent illicit financial activities. It ensures that all financial movements meet established legal standards and contribute to financial integrity.
Context ∞ For digital assets, transaction compliance is a critical and evolving area, as regulators seek to apply traditional financial regulations to cryptocurrency movements. Exchanges and custodial services implement sophisticated tools to track and report suspicious transactions, impacting user privacy and the flow of funds. News often covers regulatory updates and enforcement actions related to crypto transaction compliance.
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