Xforia Technologies Interview Questions and Answers

Sanctions are penalties or restrictions imposed by countries or organizations to influence behavior or enforce laws.

• Sanctions can be economic, such as trade restrictions or asset freezes.

• They can also be diplomatic, like travel bans on individuals.

• Examples include UN sanctions against North Korea for nuclear activities.

• Sanctions aim to compel compliance with international laws or norms.

As a Senior KYC Analyst, I assess risk ratings for cash-intensive businesses, identify red flags, and ensure compliance with KYC and sanctions regulations.

• Cash-intensive businesses are those that deal with large amounts of cash, such as casinos, pawnshops, and money service businesses.

• To assess risk ratings, I consider factors such as the type of business, its location, and the nature of its customers.

• KYC stands for Kn...read more

As a Senior KYC Analyst, my current role involves conducting EDD reviews and transaction monitoring.

• For EDD review, I follow a thorough procedure that includes gathering all relevant information about the client, assessing their risk level, and conducting enhanced due diligence measures such as reviewing public records and conducting negative news searches.

• Transaction monitoring involves reviewing and analyzing financi...read more