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AML KYC stands for Anti-Money Laundering and Know Your Customer. It is a set of regulations and procedures designed to prevent financial crimes.
AML refers to the process of preventing money laundering and terrorist financing.
KYC refers to the process of verifying the identity of customers to prevent fraud.
AML KYC regulations require financial institutions to establish and maintain customer due diligence procedures.
Exam...
KYC AML stands for Know Your Customer and Anti-Money Laundering. It is a set of regulations and processes used by financial institutions to verify the identity of their clients and prevent money laundering.
KYC involves verifying the identity of customers through documents like ID cards, passports, etc.
AML involves monitoring transactions for suspicious activities that may indicate money laundering.
Financial institution...
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Standard Chartered interview questions for popular designations
Assumptions of linear regression include linearity, independence, homoscedasticity, and normality.
Linearity: The relationship between the independent and dependent variables is linear.
Independence: The residuals are independent of each other.
Homoscedasticity: The variance of the residuals is constant across all levels of the independent variables.
Normality: The residuals are normally distributed.
No multicollinearity: T...
PSI Analysis helps identify potential problems, improve processes, and make informed decisions.
Identify potential problems in the department or organization
Improve processes by analyzing data and identifying areas for improvement
Make informed decisions based on data-driven insights
Monitor performance and track progress towards goals
Examples: analyzing sales data to identify trends, evaluating employee performance metri
LRADR period can be selected by analyzing historical data and trends.
Analyze historical data of LRADR performance
Identify trends in LRADR period over time
Consider external factors that may impact LRADR period selection
Consult with experts in the field for insights
Use statistical models to predict future LRADR periods
Get interview-ready with Top Standard Chartered Interview Questions
Current affairs with Data Reasoning
General Product knowledge
A chargeback is a reversal of a credit card transaction initiated by the cardholder's bank.
A chargeback occurs when a customer disputes a charge on their credit card statement.
The cardholder's bank investigates the dispute and may reverse the transaction if it is found to be valid.
Chargebacks can result in financial losses for businesses, as they often incur fees and lose the sale amount.
Common reasons for chargebacks ...
I applied via Naukri.com and was interviewed in May 2023. There were 3 interview rounds.
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The duration of Standard Chartered interview process can vary, but typically it takes about less than 2 weeks to complete.
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