VISTRA INTERNATIONAL EXPANSION AML KYC Analyst Interview Questions and Answers

1 question about general topic like social media need to write essay on that topic.

Q1. What is Kyc? What is AML?
Ans. 
KYC stands for Know Your Customer, which is a process of verifying the identity of a customer. AML stands for Anti-Money Laundering, which is a set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.
• KYC is a process of collecting and verifying customer information, such as name, address, and identification documents.

• KYC helps financial instit...read more
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Q2. What is OFAC and FATCA? CDD and EDD?
Ans. 
OFAC and FATCA are regulations related to financial compliance. CDD and EDD are customer due diligence and enhanced due diligence processes.
• OFAC (Office of Foreign Assets Control) is a US government agency that enforces economic and trade sanctions against countries, organizations, and individuals involved in terrorism, narcotics trafficking, and other illegal activities.

• FATCA (Foreign Account Tax Compliance Act) is a ...read more
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Q3. Regulators and Regulations? Why banks do KYC?
Ans. 
Banks do KYC to comply with regulations and prevent financial crimes.
• KYC helps banks verify the identity of their customers and assess the risk of doing business with them.

• Regulators require banks to implement KYC procedures to prevent money laundering, terrorist financing, and other financial crimes.

• KYC also helps banks maintain a good reputation and avoid legal and financial penalties.

• Examples of KYC regulations incl...read more
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Q4. Kyc effects in Financial Institutions? Identity and Verification?
Ans. 
KYC is crucial for financial institutions to prevent money laundering and terrorist financing.
• KYC (Know Your Customer) is a process of verifying the identity of customers and assessing their potential risks.

• Financial institutions are required by law to perform KYC to prevent money laundering and terrorist financing.

• KYC includes collecting personal information, verifying identity documents, and screening against sanctio...read more
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Q1. Mainly related to previous complex situations
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Q2. Behaviour towards critical problem thinking
Ans. 
I approach critical problems with a calm and analytical mindset, breaking down the issue into smaller parts to find a solution.
• I take time to fully understand the problem before jumping to conclusions

• I break down the problem into smaller parts to identify the root cause

• I consider multiple solutions and weigh the pros and cons before making a decision

• I remain calm and focused under pressure to find a solution

• Example: In...read more
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Q1. Salary expectation and role requirements
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Q1. Related to sql joins and queries
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Case study was there and then questions related to sql were asked