MG Overview

A monitoring group is a collection of addresses, mostly wallets and contracts, that are monitored with the same transaction monitoring alerting rules. You can create monitoring groups based on your organizational structure or your customer types and risk levels.

For example, for small and medium-sized companies, all the addresses can be monitored using a single set of rules for consistency, easy management, and compliance. Therefore, all addresses can be added to the default general monitoring group. Before customers begin to monitor the addresses within the general monitoring group, they should review the alert configurations for that group to ensure they are tuned appropriately.

However, for large-sized companies with institutional/enterprise customers, customers may want to divide their users by the customer types for their corresponding support levels. For example, you can create an “Institutional Monitoring” group and apply a different set of rules to monitor those corresponding addresses.

Another special monitoring group type can be created for addresses marked for “continuous monitoring”. This type of group group can be created as one group for many addresses or multiple groups containing a single address/customer. Continuous monitoring groups are designed to continuously monitor particular addresses with a bespoke set of rules applied and determined by you. The continuous monitoring groups also track how long an address has been sitting within the group in order to assist you with tracking important regulatory and reporting deadlines.

For example, when a customer or user account with an address has been observed with many high risks, after an investigation conducted via cases, this address may be added to its own continuous monitoring group or to a shared continuous monitoring group. As the address ages within the group, the age is color-coded and easily informs you which addresses need time-sensitive actions taken.

Where a particular address needs to be monitored closely, and activity reported promptly to regulatory agencies, it can be added to its own continuous monitoring group. From there, you can configure bespoke rules to alert you to any activity you deem necessary. This is especially helpful for addresses under review due to subpoenas or law enforcement requests.