And they asked about the basic info of KYC and AML?

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AML and KYC is interlinked process. KYC is a path of Due Diligence process. Accurate info about the customer. By perform will be aware of any unusual activities. During KYC process it includes DOB, Name, Photo ID of the customer should be recoverd and verified. When you need to established an organisation or where an individual act on behalf of other person. We need to identify the beneficial owner.           AML : Anti Money Laundering as set of rules and regulations to prevent the criminal from performing illegal activities or transactions. AML is only for limited cases. Money laundering is the illegal process. The process and the transaction will takes place in illegal way, by transferring this illegal money in a much more complex manner. The main objective of money laundering is acquiring the money in indirect way because money was obtained in a illegal way.            These are the question they were asked.

And they asked about the basic info of KYC and AML?

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