Which term denotes ongoing evaluation of suspicious transactions?

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Multiple Choice

Which term denotes ongoing evaluation of suspicious transactions?

Continuing Activity Monitoring describes the ongoing review of customer activity to detect suspicious transactions. It’s the process of continually analyzing transactions, comparing them to the customer’s typical behavior and risk profile, and flagging anything that seems unusual or out of pattern. This ongoing scrutiny is what prompts further action, such as filing a SAR when warranted. Unusual Transactions names activity that might be suspicious but does not specify the ongoing evaluation process. A SAR is the formal report filed after suspicious activity is identified, not the ongoing monitoring itself. Credit Union Responsibilities are general duties and not the term for this ongoing process.

Continuing Activity Monitoring describes the ongoing review of customer activity to detect suspicious transactions. It’s the process of continually analyzing transactions, comparing them to the customer’s typical behavior and risk profile, and flagging anything that seems unusual or out of pattern. This ongoing scrutiny is what prompts further action, such as filing a SAR when warranted.

Unusual Transactions names activity that might be suspicious but does not specify the ongoing evaluation process. A SAR is the formal report filed after suspicious activity is identified, not the ongoing monitoring itself. Credit Union Responsibilities are general duties and not the term for this ongoing process.

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