Which term describes the ongoing surveillance of activity to detect suspicious transactions over time?

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Multiple Choice

Which term describes the ongoing surveillance of activity to detect suspicious transactions over time?

The ongoing surveillance of activity to detect suspicious transactions over time is described as continuing activity monitoring. In AML/BSA programs, after customers are onboarded, institutions continuously monitor their transactions and behavior to spot patterns, thresholds, or changes that could indicate illicit activity. This long-term, time-based vigilance is what continuing activity monitoring captures. Why this fits best: it emphasizes the ongoing nature of watching activity across time, not just a one-off check or a policy document. It reflects the standard practice of continuously reviewing transactions to identify potential red flags. Why the other options don’t fit: law enforcement requests are external inquiries for information from authorities, not the bank’s own ongoing monitoring. Monitoring policies are the rules that guide how monitoring is conducted, not the act of monitoring itself. Credit union responsibilities refer to the institution’s general duties and obligations, not the specific practice of continuously watching transactions.

The ongoing surveillance of activity to detect suspicious transactions over time is described as continuing activity monitoring. In AML/BSA programs, after customers are onboarded, institutions continuously monitor their transactions and behavior to spot patterns, thresholds, or changes that could indicate illicit activity. This long-term, time-based vigilance is what continuing activity monitoring captures.

Why this fits best: it emphasizes the ongoing nature of watching activity across time, not just a one-off check or a policy document. It reflects the standard practice of continuously reviewing transactions to identify potential red flags.

Why the other options don’t fit: law enforcement requests are external inquiries for information from authorities, not the bank’s own ongoing monitoring. Monitoring policies are the rules that guide how monitoring is conducted, not the act of monitoring itself. Credit union responsibilities refer to the institution’s general duties and obligations, not the specific practice of continuously watching transactions.

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