Business Consulting Manager Interview Questions and Answers

SOCR examination is a regulatory compliance examination for financial institutions.

• SOCR stands for Supervision of Compliance and Regulations.

• It is conducted by regulatory authorities to assess the compliance of financial institutions with regulations.

• The latest changes in the regulations include stricter anti-money laundering measures.

• Financial institutions need to implement enhanced customer due diligence procedures.

• Regulations now require more comprehensive reporting and do...read more