- Filtering Transactions: This often involves using automated systems or algorithms to review transactions based on specific criteria. It aims to identify and allow legitimate transactions while flagging or blocking those that may be suspicious or non-compliant.

- Censoring Transactions: This term is less commonly used in finance, but it could refer to deliberate interference with transactions for reasons beyond standard filtering. This might include restricting certain transactions due to government regulations, sanctions, or other policy considerations.

Both processes ultimately involve control and oversight of transactions, but the nuance lies in the purpose and criteria used for each. Filtering is more about sorting and identifying, while censoring implies a deliberate restriction or interference, often driven by external factors like regulations or policies.