Backbone Technologies Interview Questions and Answers

KYC is the process of verifying the identity of a customer while AML is the process of preventing money laundering.

• KYC is focused on identifying and verifying the identity of a customer

• AML is focused on preventing money laundering and terrorist financing

• KYC is a prerequisite for AML

• KYC involves collecting and verifying customer information such as name, address, and identification documents

• AML involves monitoring custo...read more

KYC is used to verify the identity of customers while AML is used to detect and prevent money laundering.

• KYC is used to ensure that financial institutions are not used for illegal activities.

• AML is not used in some areas because those areas may not have a high risk of money laundering.

• KYC is mandatory in many countries for financial institutions to comply with regulations.

• AML is used in areas where there is a high risk...read more

AML is used in financial institutions to prevent money laundering, while it is not commonly used in other industries.

• AML is used in financial institutions to detect and prevent money laundering and terrorist financing.

• It involves the identification and verification of customers, monitoring of transactions, and reporting of suspicious activities.

• AML is not commonly used in other industries, although some may have simila...read more

Log files are used to record events and actions in a system or application.

• Log files can be used for debugging and troubleshooting.

• They can also be used for auditing and compliance purposes.

• Log files can help identify security breaches or unauthorized access.

• They can be used to monitor system performance and identify bottlenecks.

• Log files can be analyzed to gain insights into user behavior and usage patterns.

Debugging is the process of identifying and fixing errors in a program or project.

• Debugging involves analyzing code and identifying errors

• Tools like debuggers and logging can aid in the process

• Common errors include syntax errors, logic errors, and runtime errors

• Debugging should be done systematically and thoroughly

• Testing and retesting is important to ensure all errors are fixed

Accessibility of variable or function

• Variables and functions should be accessible to the parts of the code that need them

• Accessibility can be controlled using access modifiers like public, private, and protected

• Accessibility can also be affected by the scope of the variable or function