TCS AML KYC Analyst Interview Questions and Answers

Q1. What do you know about the role? What is Sanctions? What are different types of Sanctions? What is Money Laundering? Stages of Money Laundering? What is Anti Money Laundering? Various ways of doing Money L...read more
Ans. 
The AML KYC Analyst role involves identifying and preventing money laundering and terrorist financing activities by implementing sanctions and regulatory compliance measures.
• Sanctions are measures taken by governments or international organizations to restrict or prohibit certain activities or transactions with specific countries, entities, or individuals.

• Types of sanctions include economic sanctions, trade sanctions, ...read more
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Q1. Can you tell me about yourself?
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Q2. Can you explain the responsibilities associated with the role?
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Proficiency, vocabularies test

Q1. Can you provide an introduction of yourself?
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Q2. What questions were asked regarding the role you applied for?
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Q1. What is kyc ?
Ans. 
KYC stands for Know Your Customer, 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 like ID cards, passports, and utility bills.

• KYC also includes assessing the risk of a customer based on their profile and transaction history.

• Failing to comp...read more
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Q2. Do you know about AML ?
Ans. 
AML stands for Anti-Money Laundering, a set of regulations and procedures designed to prevent the illegal generation of income.
• AML refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

• KYC Analysts play a crucial role in ensuring compliance with AML regulations by verifying the identity of customers and monitoring transactions for sus...read more
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Q3. Who is founder of wipro ?
Ans. 
Azim Premji is the founder of Wipro.
• Azim Premji founded Wipro in 1945.

• He transformed Wipro from a small vegetable oil company into a global IT services powerhouse.

• Under his leadership, Wipro became one of the largest IT companies in India.

• Azim Premji is known for his philanthropy work and has donated a significant portion of his wealth to charitable causes.
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Q4. Primary factor of kyc ?
Ans. 
The primary factor of KYC is to verify the identity of customers to prevent fraud, money laundering, and other illegal activities.
• Verification of customer identity

• Prevention of fraud and money laundering

• Compliance with regulations and laws

• Risk assessment of customers
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Q1. What is your ambition?
Ans. 
My ambition is to continuously learn and grow in my career, while making a positive impact in the field of compliance and risk management.
• Continuous learning and professional development

• Making a positive impact in compliance and risk management

• Advancing in my career through hard work and dedication
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Q2. Your experience in kyc and aml
Ans. 
I have 5 years of experience in KYC and AML compliance, conducting due diligence, risk assessments, and monitoring transactions.
• Conducted thorough due diligence on new clients to ensure compliance with regulations

• Performed risk assessments on high-risk clients and transactions

• Monitored transactions for suspicious activities and filed SARs when necessary

• Stayed up-to-date on regulatory changes and implemented necessary c
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Q1. Kyc related activity
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Q2. Entities how to check UBo
Ans. 
Entities can check Ultimate Beneficial Owners (UBOs) through various methods such as ownership structure analysis, document verification, and conducting interviews.
• Analyze ownership structure to identify UBOs

• Verify documents such as shareholder agreements and corporate records

• Conduct interviews with key individuals to determine UBOs

• Use technology tools like KYC software to assist in UBO identification
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Q1. Tell about my self
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Q2. Tell about my process
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Q1. Process explained
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Q2. Banking experience
Ans. 
I have 3 years of banking experience working as a KYC Analyst at XYZ Bank.
• Performed customer due diligence to ensure compliance with regulations

• Conducted risk assessments on new and existing clients

• Reviewed and analyzed customer documentation for accuracy and completeness
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Q1. Tell me about yourself
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Q1. Questions related to process
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Q1. Salary discussion round
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