Transaction Screening refers to the automated or manual process of reviewing financial transactions, including those involving digital assets, against a set of predefined rules, watchlists, or regulatory requirements. This procedure aims to identify and flag transactions that may be associated with illicit activities, such as money laundering, terrorist financing, or sanctions evasion. It is a core component of compliance frameworks.
Context
Transaction Screening is a critical anti-money laundering and counter-terrorist financing measure for digital asset service providers. The pseudonymous nature of some blockchain transactions necessitates sophisticated screening tools that can analyze on-chain data and identify suspicious patterns. Regulators worldwide are intensifying requirements for robust transaction screening, driving innovation in blockchain analytics and compliance technologies.
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