Unserious silly behavior or dishonest actions.
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Silly, dishonest, or suspicious behavior — either playful mischief or unethical activity.
Monkey business can refer to playful fooling around, but it also carries a more serious meaning of shady dealings or misconduct.
The context usually makes it clear which meaning is intended.
"Funny Business"
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Suspicious or dishonest activity, with a sense that something is being hidden or manipulated
"Shenanigans"
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Playful or mischievous behavior, usually harmless and done in a joking spirit
"Monkey Business"
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Dishonest, suspicious, or silly behavior depending on context