KYC AML Production Quality Controller Interview Questions and Answers

QC focuses on identifying defects in the product, while QA focuses on preventing defects from occurring in the first place.

• QC stands for Quality Control, which involves checking the product for defects after it has been produced.

• QA stands for Quality Assurance, which involves processes and procedures to prevent defects from occurring in the first place.

• QC is reactive, while QA is proactive.

• QC involves testing and inspection, while QA involves planning and process improvement....read more

AML stands for Anti-Money Laundering, which refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML regulations require financial institutions to verify the identity of their customers and monitor transactions for suspicious activity.

• Examples of suspicious activities include large cash deposits, frequent international wire transfers, and transactions involving high-risk countries.

• AML ...read more