Accentuate Technology KYC Analyst Interview Questions and Answers

Sanctions are penalties imposed by governments or international organizations to restrict certain activities or transactions with specific individuals, entities, or countries.

• Sanctions can include financial restrictions, trade embargoes, travel bans, and asset freezes.

• Types of sanctions include economic sanctions, diplomatic sanctions, military sanctions, and sports sanctions.

• Examples of sanctions include the United Na...read more

UBO can be identified by conducting thorough due diligence and research to determine the ultimate beneficial owner of a company or entity.

• Reviewing corporate documents such as shareholder agreements, articles of incorporation, and organizational charts

• Conducting interviews with key personnel to understand ownership structure

• Utilizing public databases and registries to gather information on ownership

• Analyzing financial ...read more

EDD stands for Enhanced Due Diligence while CDD stands for Customer Due Diligence. EDD is a more thorough investigation process compared to CDD.

• EDD (Enhanced Due Diligence) is a more detailed and comprehensive investigation process compared to CDD (Customer Due Diligence).

• EDD is typically conducted for high-risk customers or transactions that require a higher level of scrutiny.

• CDD is a standard process of verifying the...read more