Transaction Monitoring
Overview
Transaction Monitoring is Fin’s real-time compliance solution that automatically screens financial transactions for fraud and ensures AML (Anti-Money Laundering) regulatory compliance. Once a transaction has been submitted, the system instantly checks it against configured rules and assigns a risk score. Based on the risk score, the system approves the transaction, holds it for RFIs (Requests for Information), or rejects it due to suspicious activity.Benefits of Transaction Monitoring
- Automated Compliance - Meet AML regulations without manual review of every transaction
- Reduced Fraud - Catch suspicious patterns in real-time
- Fast Processing - Legitimate transactions approved instantly
- Flexible Configuration - Adapt rules as your business evolves
Travel Rule
Overview
The Travel Rule requires Fin.com to collect and exchange customer information during virtual asset transfers to prevent money laundering and terrorist financing.Data Requirements
Regular Transactions:- Sender and recipient names
- Wallet addresses or transaction reference
- All of the above, plus:
- Sender’s physical address, national ID, or date/place of birth
- Account numbers for both parties
- Customer identification numbers
How It Works
Travel Rule checks are integrated into Transaction Monitoring to automatically:- Identify counterparties - Determine if recipient is a regulated VASP, unhosted wallet, or high-risk entity
- Exchange data - Automatically share required information using supported protocols
- Screen participants - Check against sanctions lists, PEPs, and adverse media
- Assign risk scores - Evaluate transaction risk based on counterparty reputation and compliance history
Crypto Monitoring
Overview
Screen cryptocurrency wallet addresses and blockchain transactions to assess risk levels before processing transfers. Prevents fraud, money laundering, and ensures regulatory compliance.How It Works
Crypto Wallet Monitoring evaluates transactions through:- Wallet address screening - Analyze sender and recipient addresses for suspicious connections
- Blockchain analysis - Trace transaction paths and fund origins
- Risk scoring - Assign risk levels based on exposure to illicit entities
- Automated decisions - Approve, reject, or flag transactions based on configured thresholds
Use Cases
| Use Case | Description |
|---|---|
| Transaction Processing | Screen every transfer in real-time before execution |
| Customer Onboarding | Verify wallet addresses during KYC to assess fund sources |
| Compliance Monitoring | Maintain audit trails for regulatory reporting |
| Fraud Prevention | Block transfers to known scam addresses |
| Travel Rule Compliance | Identify VASP counterparties for regulatory data exchange |