Zetwerk Interview Questions and Answers

PEP stands for Politically Exposed Person. It refers to individuals who hold prominent public positions or have close associations with such individuals.

• PEPs are considered high-risk customers due to their potential involvement in corruption, money laundering, and other financial crimes.

• Examples of PEPs include heads of state, government officials, and senior executives of state-owned enterprises.

• PEPs are categorized as either domestic or foreign, depending on whether they ho...read more

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 suspicious activity.

• Examples of AML measures include customer...read more

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.

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 comply with KYC regulations can result in penalties for financ...read more

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

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 to prevent money laundering, terrorist financing, and other financial crimes.

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

• KYC helps financial institutions assess the risk of doing business with a particular customer.

• Examples of KYC documents include go...read more