AML and KYC Associate Interview Questions and Answers

AML stands for Anti-Money Laundering. Its purpose is to prevent, detect and report financial crimes.

• AML is a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activities to the authorities.

• AML regulations apply to a wide range of industries, including banking, finance, real estate,...read more