KPMG India AML and KYC Analyst Interview Questions, Process, and Tips

UBO stands for Ultimate Beneficial Owner, BO stands for Beneficial Owner, and IBO stands for Immediate Beneficial Owner.

• UBO is the individual who ultimately owns or controls a legal entity or arrangement.

• BO is any individual who ultimately owns or controls a legal entity or arrangement, or on whose behalf a transaction is being conducted.

• IBO is the individual who owns or controls a legal entity or arrangement and whose...read more

Partnership documents include partnership agreement, certificate of formation, and proof of identity for partners.

• Partnership agreement outlining roles and responsibilities of partners

• Certificate of formation proving the existence of the partnership

• Proof of identity for all partners such as passports or driver's licenses

Regulators for AML, KYC and CTF include FinCEN, FATF, and local regulatory authorities.

• Financial Crimes Enforcement Network (FinCEN) - U.S. regulatory agency responsible for combating money laundering and terrorist financing.

• Financial Action Task Force (FATF) - International organization that sets standards and promotes effective implementation of measures to combat money laundering and terrorist financing globally.

• Loc...read more

Fake UK passports can be identified by checking for security features, examining the passport's physical characteristics, and verifying the information against official databases.

• Check for security features such as holograms, watermarks, and UV features.

• Examine the passport's physical characteristics like the quality of printing, font consistency, and overall construction.

• Verify the information on the passport against ...read more

Sanctions are penalties or restrictions imposed on individuals, entities, or countries to enforce international laws or policies.

• Sanctions can include financial restrictions, trade embargoes, travel bans, and asset freezes.

• They are often used to deter illegal activities, promote human rights, or maintain international peace and security.

• Examples of sanctions include the United Nations sanctions on North Korea, the US s...read more