KPMG India KYC Analyst Interview Questions, Process, and Tips

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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To write essay of minimum 400 words within 25 minutes.

Q1. Types of taxes in India.
Ans. 
Types of taxes in India include income tax, goods and services tax (GST), corporate tax, customs duty, and excise duty.
• Income tax is levied on individuals and businesses based on their income levels.

• Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

• Corporate tax is levied on the profits earned by companies operating in India.

• Customs duty is a tax imposed o...read more
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Q2. About the previous internship.
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Good and logical for the better understanding of the process

Q1. Self introduction and many more
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Q1. More abt process and it's applications
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It is good and nice went well

Q1. All went good overall
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Q2. What is kyc ?
Ans. 
KYC stands for Know Your Customer. It is a process used by financial institutions to verify the identity of their clients.
• KYC is a regulatory requirement to prevent money laundering and fraud

• It involves collecting personal information and verifying it through documents

• Examples of KYC documents include passport, driver's license, and utility bills
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Q1. What is AML ?
Ans. 
AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
• AML is a regulatory framework that aims to detect and prevent money laundering activities.

• Financial institutions are required to have AML programs in place to monitor and report suspicious activities.

• Examples of AML measures include customer d...read more
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Q2. What is ML ?
Ans. 
ML stands for Machine Learning, a subset of artificial intelligence that focuses on the development of algorithms and models that allow computers to learn from and make predictions or decisions based on data.
• ML involves training algorithms to learn patterns and make predictions or decisions without being explicitly programmed.

• Common techniques in ML include supervised learning, unsupervised learning, and reinforcement ...read more
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