State increasing supervision over cryptocurrency trading – Detecting suspicious transactions in several minutes

The Administration for the Prevention of Money Laundering has announced a public procurement procedure for a platform for monitoring cryptocurrency trading.

As stated in the technical specification of the tender, the platform should enable continuous monitoring of major blockchain networks, recognition of transactions related to Serbia and automatic notification of analysts about suspicious money flows.

– The proposed solution should combine publicly available blockchain data, network monitoring and advanced analytics to enable an official request for the identity of the wallet owner to be sent within minutes of a suspicious transaction being detected – the tender documentation states.

The system should monitor the ten leading cryptocurrencies by trading volume: Tether (USDT), Bitcoin (BTC), Ethereum (ETH), USDC, First Digital USD (FDUSD), Solana (SOL), BNB, Dogecoin (DOGE), XRP and Sui (SUI).

The tender expires on November 10, and more details can be found HERE.

B. P.

Uprava za sprečavanje pranja novca Beograd

Administration for the Prevention of Money Laundering

cryptocurrencies

platform for monitoring cryptocurrency trading

public procurement