The invention discloses a method and a system for identifying abnormal transactions based on a fund transaction network, The abnormal transaction identification method comprises the following steps: the step of constructing a data mart through multi-subject data, the step of determining the basic index data, the step of generating the first risk characteristic data, the step of forming a pluralityof fund transaction networks based on the transaction data, the step of generating suspicious cases of abnormal transactions and the step of generating suspicious screening reports; The abnormal transaction identification system includes: data mart building module, basic index mining module, risk characteristics generation module, transaction network building module, suspicious case generation module and screening report generation module. Based on the established fund transaction network and transaction risk model, the invention can completely restore the money laundering process and the money laundering scene, and provides strong support and assistance for the money laundering behavior investigation. The invention also has the prominent advantages of high precision, good comprehensiveness, strong objectivity and the like.