AML RightSource Associate Analyst Interview Questions, Process, and Tips

Q1. What is anti-money laundering?
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Q2. What is your understanding of structuring?
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Q3. What are the three stages of money laundering?
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Q4. What is your understanding of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)?
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Q5. What is your understanding pep
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Q6. What are high risk countries
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Q7. What are the potentials red flags
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Q1. Walk me through your resume.
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Q1. Aml and kyc basics.
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Financial crime related assignment and psychometric test.

Q1. Tell me about yourself!
Ans. 
I am a recent graduate with a degree in finance and a passion for data analysis. I have experience with financial modeling and market research.
• Recent graduate with a degree in finance

• Passionate about data analysis

• Experience with financial modeling and market research
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Q2. What do you know about red flags in AML?
Ans. 
Red flags in AML refer to suspicious activities or behaviors that may indicate money laundering or terrorist financing.
• Unusual transactions or patterns, such as frequent large cash deposits or withdrawals

• Lack of a logical business explanation for transactions

• Use of shell companies or nominee accounts to obscure the true source of funds

• Customer reluctance to provide identification or other required information

• Transactio...read more
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Q3. Transactions limit in India per day
Ans. 
The transactions limit in India per day varies depending on the type of transaction and the bank's policies.
• Different banks have different daily transaction limits for various types of transactions such as ATM withdrawals, online transfers, and POS transactions.

• For example, State Bank of India has a daily ATM withdrawal limit of Rs. 40,000 for classic debit card holders.

• Some banks may allow customers to increase their ...read more
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Q1. Are you comfortable working at night shift ?
Ans. 
Yes, I am comfortable working at night shift as I am a night owl and can maintain focus and productivity during those hours.
• I am naturally more alert and productive during night hours.

• I have experience working night shifts in previous roles.

• I am able to adjust my sleep schedule to accommodate night shifts.

• I understand the importance of maintaining focus and productivity during night hours.

• I am comfortable with the idea
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Q2. Salary expectations
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There is financial crime related assignment.