CAMS · Question #803
Which techniques are most commonly used in a rules-based approach to transaction monitoring for detecting suspicious activities? (Choose two.)
The correct answer is A. Using predefined rules to flag specific transaction patterns E. Setting transaction thresholds for automated alerts. A rules-based approach to transaction monitoring relies on predefined rules that flag specific patterns and on setting thresholds that trigger automated alerts when exceeded. These techniques are fundamental to identifying potentially suspicious activities in a structured…
Question
Which techniques are most commonly used in a rules-based approach to transaction monitoring for detecting suspicious activities? (Choose two.)
Options
- AUsing predefined rules to flag specific transaction patterns
- BRandomly flagging transactions for further investigation
- CStatistical tuning of monitoring scenarios to improve accuracy
- DUsing advanced machine learning models to detect outliers
- ESetting transaction thresholds for automated alerts
How the community answered
(47 responses)- A81% (38)
- B6% (3)
- C11% (5)
- D2% (1)
Explanation
A rules-based approach to transaction monitoring relies on predefined rules that flag specific patterns and on setting thresholds that trigger automated alerts when exceeded. These techniques are fundamental to identifying potentially suspicious activities in a structured, deterministic way.
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