What is Transaction Monitoring?

Definition: Transaction monitoring is the automated review of player payments and betting activity against rules and thresholds to detect activity that needs a closer look, such as possible money laundering or fraud.

What is monitored:

• Deposit and payout amounts, frequency and payment methods.
• Deposits followed by payouts with little or no play.
• Use of several payment methods or third-party accounts.
• Changes compared with the player's usual activity.

Process after an alert:

• The case is reviewed by a risk or AML analyst.
• Additional checks are requested, e.g. source of funds.
• The decision and evidence are recorded in the audit trail.

Why it matters: transaction monitoring is a core part of an AML programme and is configured per market and licence requirements.