Which term denotes an instance where a transaction arouses concerns about possible illegal activity?

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

Recognizing what the situation is called when activity raises concerns about potential illegal activity. When a transaction or pattern stands out as unusual or suspicious, we label it a suspicious transaction. This term flags that the activity warrants further review and possibly reporting to authorities (via a suspicious activity report or suspicious transaction report, depending on the jurisdiction). It’s not civil liability, which deals with legal responsibility in court, nor unauthorized disclosure, which is about leaking confidential information. Law enforcement notification may be a consequence, but it’s not the term for the transaction itself.