Can you tell me about your current role and responsibilities?? Describe the full procedure you follow for EDD review? What is transaction monitoring??

Question

Accepted Answer

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 financial transactions to identify any suspicious activity or potential money laundering.
In my current role, I am also responsible for ensuring compliance with regulatory requirements and internal policies and procedures.
I work closely with other departments such as legal and compliance to ensure that all necessary measures are taken to mitigate any potential risks.
Examples of documents I review during EDD include passports, bank statements, and business registration documents.

Can you tell me about your current role and responsibilities?? Describe the full procedure you follow for EDD review? What is transaction monitoring??

Popular interview questions of Senior KYC Analyst