Ujjivan Small Finance Bank AML and KYC Officer Interview Questions and Answers

Q1. Can you provide a self-introduction?
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Q1. Tell me about kyc and all
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Q1. Kyc knowledge, last working experiance
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Q2. Deep knowledge of kyc
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Q1. What do you know about 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 for financial institutions to prevent money laundering, terrorist financing, and other illegal activities.

• It involves collecting and verifying information about customers, such as their identity, address, and source of funds.

• KYC also includes ongoing monitoring of cus...read more
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Q2. What are the stages of aml
Ans. 
The stages of AML (Anti-Money Laundering) include customer due diligence, transaction monitoring, and reporting suspicious activities.
• Customer Due Diligence (CDD) - Verifying the identity of customers and assessing their risk level.

• Transaction Monitoring - Monitoring transactions for suspicious activities or patterns.

• Reporting Suspicious Activities - Reporting any suspicious activities to the appropriate authorities.

• En...read more
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Q1. Introduction and experience
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Q2. Skills and why you want to join this role
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Q1. Experience and educational related questions to
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Q2. Salary related question
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Math, General knowledge,english grammar and banking awareness

Q1. What is your experience
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Q2. Why you leave from last organisations
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Q1. What is your salary expectation
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Q2. What was your rating at last organisations
Ans. 
I consistently received top ratings at my last organization, consistently exceeding expectations.
• Received top ratings consistently

• Exceeded expectations in performance reviews

• Recognized for high level of performance

• Received positive feedback from supervisors and colleagues
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Q1. What is AML & how important is it ?
Ans. 
AML stands for Anti-Money Laundering. It is crucial in preventing financial crimes and ensuring compliance with regulations.
• AML refers to the laws, regulations, and procedures put in place to prevent criminals from disguising illegally obtained funds as legitimate income.

• It is important because it helps detect and prevent money laundering, terrorist financing, and other financial crimes.

• Financial institutions are requi...read more
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1 hr test - included quant, reasoning and english

Q1. What is the 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, terrorist financing, and other financial crimes.

• It involves collecting personal information and verifying the identity of customers.

• KYC includes verifying documents such as government-issued IDs, proof of address, and financial statements.

• The pr...read more
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Q2. How much types of exchange
Ans. 
There are two main types of exchanges: centralized exchanges (CEX) and decentralized exchanges (DEX).
• Centralized exchanges (CEX) are operated by a central authority and require users to deposit funds with the exchange to trade.

• Decentralized exchanges (DEX) operate without a central authority and allow users to trade directly with each other using smart contracts.

• Examples of centralized exchanges include Binance, Coinba...read more
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