AML RightSource Analyst Interview Questions and Answers

Q1. What is money laundering?
Ans. 
Money laundering is the process of making illegally obtained money appear to be legitimate.
• It involves disguising the source of funds through a series of transactions.

• The purpose is to hide the illegal origin of the money and make it usable without detection.

• Common methods include using shell companies, offshore accounts, and cash businesses.

• Examples include drug trafficking, embezzlement, and tax evasion.

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Q2. What is KYC, EDD, CDD ?
Ans. 
KYC stands for Know Your Customer, EDD stands for Enhanced Due Diligence, and CDD stands for Customer Due Diligence.
• KYC is the process of verifying the identity of a customer to prevent fraud and money laundering.

• EDD is a more thorough version of KYC that involves additional checks for high-risk customers.

• CDD is the process of assessing the risk of a customer and determining the appropriate level of due diligence.

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Anti Money Laundering
Transaction Monetoring

Self Assessment Test
Personality Assessment

Q1. Tell me about your self
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Q2. Technical questions
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Q1. Assessment from company side to check your Behaviour thoughts of mind etc etc
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Transaction based questions

Q1. Introduction needs to be done
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Q2. Process knowledge
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Q1. Basic question regarding your job responsibilities and their expectations? Your strengths and weaknesses? Checks your AML knowledge?
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Q2. Where do you see yourself in 5 years?
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Case study based on transaction monitoring was given and you have to answer the question after analyzing the case.