Glossary
Transaction monitoring
Transaction monitoring is the ongoing review of customer transactions to detect activity that is unusual for the customer or matches known laundering typologies. It can be manual, automated or both, and usually runs as rules or scenarios over transaction data, with alerts reviewed by analysts.
Why it matters for brokers and payment firms
Regulators such as the CBUAE and SAMA expect monitoring to be risk-based, documented, tested and tuned. The quality of the case files it produces matters as much as the number of alerts.