There are three groups of Transactions Monitoring and Travel Rule settings that allow you to tailor the solution to your organization's needs:

General settings — let you define the default currency for the transactions that are processed, set up Travel Rule data exchange, and select transaction ownership confirmation mode.
Tags settings — let you create and manage tags that can be used for dynamic risk scoring and other purposes.
AML settings — let you select the provider for AML watchlist checks and customize the search configuration for screening.

General transactions and Travel Rule settings

To change the general settings:

In the Transactions and Travel Rule Settings, navigate to General.
Make the necessary adjustments as described in the table below and save your changes.

Setting	Configuration
Default currency	Select the default currency for transaction monitoring from the drop-down list. Any transaction amount will be converted to this currency if the `amountInDefaultCurrency` field is not filled during transaction creation.
Activate mirrored transactions for finance transactions	This functionality is only available if your transaction counterparties are Sumsub applicants. Select this checkbox if you want to automatically create transactions for both the remitter and the beneficiary with just one API call.
Confirmation timeout	Select the waiting period for transaction confirmation from the drop-down list. Upon the expiration of this period, any transaction with unconfirmed ownership will be rejected. If you do not want to limit this period, select Off.
Originator participant data	Select which information will be provided by the transaction originator for the Travel Rule data exchange. Applicable for SNS TR protocol only.
Beneficiary participant data	Select which information will be provided by the transaction beneficiary for the Travel Rule data exchange. Applicable for SNS TR protocol only.
Confirmation ownership mode	Select transaction ownership confirmation mode: - Full validation — requires confirming wallet ownership and choosing an applicant for each upcoming transaction. - Simplified validation — requires validating the ownership of choosing an applicant for each new upcoming transaction. The wallet addresses of all previous successful transactions will be automatically labeled as owned by you. - Automated validation — allows you to automatically process transactions that come from the applicants and wallet addresses stored in your system.
BCC email for Counterparty Verification	Enter an email address that will be automatically BCC’d on verification emails sent to your counterparty VASPs.

Transactions and Travel Rule tags settings

In the Tags setting, you can manage predefined tags and create new ones.

To edit a predefined tag:

In the Transactions and Travel Rule Settings, navigate to Tags.
Click on the pencil icon next to the tag.
Change the tag bar color or weight. Enable (or disable) the Score applicant checkbox. To learn more about setting up tags, refer to this article.
Save your changes.

To create a new tag:

In the Transactions and Travel Rule Settings, navigate to Tags.
Enter the tag name, choose the bar color, select the Score applicant checkbox if you want to use the tag for scoring applicants as part of ongoing risk assessment, and set its weight in %.
Save your changes.

Transactions and Travel Rule AML Screening settings

To configure transaction counterparty AML screening:

In the Transactions and Travel Rule Settings, navigate to AML Screening.
Select a provider that you want to use for AML screening. If the provider is locked, enter your credentials, as described in Comply Advantage and World-Check One.
Select a search configuration. You can search by the warning types or by providing a search profile identifier:
- When searching by the warning types, specify the categories of PEPs for which you want to screen your applicants and add the associated types of adverse media.
- When searching by custom search profiles, enter a profile identifier. To search for profiles from your Comply Advantage key, make sure to provide the key, as described in this article.
Configure name-matching criteria and desired fuzzy-matching levels:
- Strict matching — to flag applicants only upon an exact match.
- Default matching — to allow for variations in spelling.
- Fuzzy matching — to allow for variations in the range of names.
Set the expiration period for AML cases in days. A new case will be created automatically if, at the time of transaction creation, the latest case is older than the selected number of days.
Save your changes.