Equitas Small Finance Bank AML Analyst Interview Questions and Answers

Q1. What is an AML?
Ans. 
AML stands for Anti-Money Laundering. It is a set of regulations and procedures designed to prevent the illegal generation of income.
• AML involves monitoring financial transactions to detect and prevent money laundering activities.

• It requires financial institutions to verify the identity of their customers and report suspicious activities to authorities.

• Examples of AML measures include customer due diligence, transactio
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Q2. What are the three stages of Anti-money laundering?
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The three stages of Anti-money laundering are placement, layering, and integration.
• Placement: The initial stage where illegal funds are introduced into the financial system.

• Layering: The process of separating the illicit funds from their original source through a series of complex financial transactions.

• Integration: The final stage where the laundered funds are reintroduced into the legitimate economy.
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Q1. What is your expected CTC?
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My expected CTC is negotiable based on the job responsibilities, company reputation, and industry standards.
• My expected CTC is based on my qualifications, experience, and skills.

• I am open to discussing the salary range during the interview process.

• I am looking for a competitive salary package that aligns with my expertise.

• I am flexible and willing to consider a compensation package that includes benefits and bonuses.
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Q2. What are strength and weakness
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Q1. Intro about yourself, daily bmu activities of your ex company, basic AmL and KYC questions
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Q1. About salary expectation and timing
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Be confident and don't bring additional fake accent.

Q1. Work related general questions and situation based questions
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Q1. Describe a recent business news and how it would affect your role
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Q2. Tell me about yourself
Ans. 
I am a recent graduate with a strong background in finance and a passion for investment banking.
• Recent graduate with a degree in finance

• Internship experience in investment banking

• Strong analytical and financial modeling skills

• Passionate about the investment banking industry
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MCQ based on basic knowledge of relevant field

Q1. Based on your work experience. Q1. What is KYC? Q2. What are the docs required for corporate clients? Q3. If provided with just company name, how would you find the basic details of that company? Q4. Wha...read more
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Basic questions of AML

Q1. What documents to take for loan applications
Ans. 
Documents required for loan applications include proof of income, identification, credit history, and collateral.
• Proof of income such as pay stubs or tax returns

• Identification documents like driver's license or passport

• Credit history report from credit bureaus

• Collateral documentation for secured loans
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Very basic aptitude test post selection.

Q1. Previous working experiences
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