Which term covers procedures to identify and respond to suspicious activity?

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

Ongoing monitoring of customer activity is how banks identify and respond to suspicious activity. Continuing Activity Monitoring refers to the ongoing surveillance and analysis of transactions and behavior to detect signs of money laundering or other illicit activity, followed by defined response steps like escalation, investigation, or filing a SAR. This is why it best fits the question: it denotes the procedures used to identify suspicious activity and take appropriate action. Monitoring policies are the documented rules and standards that govern how monitoring is done, rather than the concrete procedures used day to day. Law enforcement requests are external actions from authorities, not the internal monitoring processes. Employee red flags are indicators related to staff behavior, not the complete set of procedures for ongoing activity surveillance and response.