All blockchain transactions are screened in real time via Elliptic. Fiat transactions are subject to ongoing AML monitoring under Pythas’s BSA-compliant AML program.
Screening stack
| Screening type | Tool | Scope |
|---|
| Blockchain screening | Elliptic | All wallet addresses and transaction hashes — inbound and outbound |
| Sanctions screening | Elliptic + internal | OFAC SDN, EU, UN sanction lists — checked on every transaction |
| PEP screening | Third-party database | All beneficial owners and signatories |
| Identity verification | MetaMap | Document authenticity, biometric liveness, database checks |
| Fiat AML monitoring | Internal BSA/AML program | Pattern monitoring, aggregation, SAR and CTR threshold tracking |
SAR policy
Pythas files Suspicious Activity Reports (SARs) with FinCEN when any transaction of $2,000 or more meets the criteria under the Bank Secrecy Act.
- SARs are filed within 30 days of detection
- Records retained for 5 years
- SAR filings are strictly confidential — Pythas cannot disclose a filing to the subject of the report under any circumstance
CTR policy
Currency Transaction Reports (CTRs) are required for physical cash transactions exceeding $10,000 in a single business day. Pythas does not process physical cash — CTRs apply only if fiat transactions trigger the BSA aggregation threshold through structured activity.
Attempting to structure transactions to avoid reporting thresholds is a federal offense and will result in immediate account termination and mandatory reporting to FinCEN and relevant law enforcement authorities.
Transaction holds
If a transaction is flagged by Elliptic or internal monitoring, it is placed on hold for manual review by the Compliance Officer. The client is notified. Resolution time varies — typically 1-3 business days.
For urgent compliance inquiries contact info@pythas.io 
