KPMG Global Services AML Analyst Interview Questions and Answers

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Q1. Not yet schedule and still expecting.
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Q1. What is your family background?
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Q2. Why should we hire you?
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Q3. Tell me about yourself.
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Q4. Tell me why your are different from another candidate
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Q1. Explain pep screening
Ans. 
PEP screening is the process of identifying and monitoring politically exposed persons to prevent money laundering and terrorist financing.
• PEP screening involves checking individuals against lists of known or suspected politically exposed persons.

• It helps financial institutions assess the risk associated with conducting business with PEPs.

• PEP screening is a key component of anti-money laundering (AML) compliance progra...read more
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AML related and Aptitude questions

Q1. What is Cooperative bank?
Ans. 
Cooperative bank is a financial institution owned and operated by its members to provide banking services.
• Owned and operated by its members

• Provides banking services

• Focuses on serving the needs of its members and community
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Q2. Explain hawala?
Ans. 
Hawala is an informal system of transferring money without actually moving it, often used in countries with limited banking infrastructure.
• Hawala involves transferring money through a network of brokers or agents.

• Transactions are based on trust and often involve minimal documentation.

• It is commonly used in countries where formal banking systems are not easily accessible.

• Hawala can be used for legitimate purposes such a...read more
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Q3. Explain Sanctions? example countries
Ans. 
Sanctions are penalties imposed by one country on another for various reasons, such as human rights violations or nuclear proliferation.
• Sanctions can include trade restrictions, financial penalties, travel bans, and arms embargoes.

• Examples of countries facing sanctions include North Korea, Iran, Russia, and Venezuela.

• Sanctions are often used as a diplomatic tool to pressure countries into changing their behavior.
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Q4. About OFAC, FATCA
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Q5. Explain PEP and examples
Ans. 
PEP stands for Politically Exposed Person, refers to individuals who are or have been entrusted with prominent public functions.
• PEPs are considered higher risk for potential involvement in bribery, corruption, and money laundering due to their position of influence.

• Examples of PEPs include government officials, heads of state, senior politicians, and high-ranking military officers.

• Financial institutions are required to...read more
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Q6. Some general questions to check communications
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Well-coordinated! The test went very smoothly and professionally.

Q1. Not yet schedule and still expecting.
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Round 1 of the kpmg aptitude test typically covers basic kyc, verbal, and logical reason

Q1. What is KYC and AML?
Ans. 
KYC stands for Know Your Customer and AML stands for Anti-Money Laundering. They are regulatory processes to verify the identity of clients and prevent illegal financial activities.
• KYC is the process of verifying the identity of customers to ensure they are who they claim to be.

• AML is the set of procedures, laws, and regulations designed to prevent money laundering by criminals.

• KYC helps financial institutions assess t...read more
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Q2. What is sanctions and sanction screening?
Ans. 
Sanctions are penalties imposed on individuals, entities, or countries to enforce international laws or policies. Sanction screening is the process of checking individuals or entities against sanction lists to ensure compliance.
• Sanctions are penalties imposed on individuals, entities, or countries for violating international laws or policies.

• Sanctions can include financial restrictions, trade embargoes, travel bans, an...read more
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