Recognizing transactions that deviate from norms.

Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

Recognizing transactions that deviate from norms focuses on spotting unusual activity by comparing actual transactions to the expected pattern for a customer or account. This involves noticing anomalies in size, frequency, geography, or counterparties. This is the process of identifying unusual activity, which is the essential step before any investigation. Red flags are signals that there may be a problem, automated monitoring systems are the tools that scan transactions and raise alerts, and managing alerts is the workflow of reviewing and triaging those alerts. So recognizing deviations from norms is specifically the identification of unusual activity.