Question

transactions that are inconsistent with the customer's known legitimate activities or nature of business are called:

Answer 1

Transactions that are inconsistent with the customer's known legitimate activities or nature of business are called: A Suspicious Transaction.

A suspicious transaction

• Is one that leads a reporting entity to be concerned or suspicious about the transaction due to its unusual character or circumstances or the person or group of people participating in the transaction.
• To identify changes in the respondent's transaction risk profile, reporting organizations analyze suspicion using a risk-based methodology for customer due diligence, real-time payment screening, transaction monitoring, and behavioral monitoring.

Answer 2

Answer:

seasonal transactions