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On-chain transaction monitoring for high-volume crypto PSPs
For those operating payment service providers (PSPs) dealing with significant crypto transaction volumes, particularly cross-border, what are the most effective strategies you've found for integrating real-time, granular on-chain analytics into your AML frameworks? We're finding the sheer data firehose challenging to reconcile with traditional fiat-based AML methodologies, especially around identifying unusual patterns that aren't necessarily directly linked to OFAC lists but still present a higher risk profile. What tools or approaches have helped you refine your red-flagging criteria without overwhelming your compliance teams with false positives?
1 comments · 1 points
That's a common hurdle. We've had some success by focusing on a tiered approach to our on-chain analytics, segmenting based on transaction value and counterparty risk. Have you explored any solutions that offer pre-built risk scoring models for common blockchain entities?