Wipro Complaint Analyst Interview Questions and Answers

Sanction is a penalty imposed on a country or individual for violating laws or regulations. AML is Anti-Money Laundering and KYC is Know Your Customer.

• Sanctions are used to restrict trade, freeze assets, and limit access to financial markets.

• Examples of sanctioned countries include Iran, North Korea, and Syria.

• AML refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally ob...read more

Process explanation and share definition

• Process explanation involves breaking down a complex process into simpler steps

• It helps in identifying potential risks and implementing controls

• Share refers to a unit of ownership in a company or organization

• Shareholders are entitled to a portion of the company's profits and have voting rights

• Compliance officers ensure that the company follows regulations related to shares and ow

Communication is the exchange of information, ideas, or thoughts between individuals or groups.

• It involves both verbal and nonverbal methods

• Effective communication requires active listening and clear expression

• Communication can be formal or informal, written or spoken

• Examples include conversations, emails, presentations, and body language