What is a PEP (Politically Exposed Person)?

Crypto transactions move fast, cross borders instantly, and don't come with a compliance officer built in. Transaction monitoring in AML for crypto businesses means tracking not just the transaction itself, but the flow around it — where funds came from, where they're going, which wallets and counterparties they touch, and whether any of that intersects with a sanctions list. It's the same core discipline as banking AML, run on a rail that was never designed with a compliance layer in mind.

Ask a bank what transaction monitoring is for, and the answer is regulatory: catch dirty money before it moves. Ask a payment provider, and there's a second answer sitting right behind it: don't kill good transactions while you're at it. AML transaction monitoring for payment providers is the same core discipline — continuously screening transactions for suspicious patterns — but it runs inside a business where every extra second of review has a price tag. A PSP or EMI doesn't just need to catch fraud. It needs to do it without adding friction to the transactions that are completely legitimate.

iGaming moves at a different speed than banking. Deposits, withdrawals, bets, and payouts happen in seconds, around the clock, across jurisdictions with different rules for the same operator. Transaction monitoring in AML for iGaming means applying the same core discipline — catching suspicious financial behavior — to an environment where transaction velocity is higher and the abuse patterns are specific to the industry: bonus abuse, multi-accounting, mule behavior, and chargeback-heavy players.