Definition
The systematic monitoring of transactions to detect anomalies.
Context
Transaction monitoring is a core tool within anti-money laundering (AML), fraud detection methods, and data analytics detection. It is typically implemented in financial systems and ERP environments and relies on both rule-based and analytical approaches to identify anomalies.
Meaning
Enables early detection of suspicious activities and is a key component of effective prevention and detection frameworks.
Example
Alert triggered by unusual refund activity.
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Transaction Monitoring", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/transaction-monitoring/, accessed April 18, 2026.