KYC Executive Interview Questions and Answers for Freshers

KYC stands for Know Your Customer and AML stands for Anti-Money Laundering. Yes, I am willing to relocate and flexible in rotational shifts.

• KYC is a process of verifying the identity of customers to prevent fraud and money laundering.

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

• I am willing to relocate for the job if required.

• I am flexible in working rotational shifts to meet the job requi...read more

Yes, I am willing to do rotational shifts as required for the role.

• I am flexible with my working hours and can adapt to different shifts.

• I understand the importance of covering all shifts to ensure smooth operations.

• I have previous experience working in rotational shifts and have no issues with it.

KYC process refers to the verification of a customer's identity and assessing their risk factors to prevent fraud and money laundering.

• KYC stands for Know Your Customer

• It involves collecting personal information and verifying it against reliable sources

• KYC helps financial institutions comply with regulations and prevent financial crimes

• Examples of KYC documents include government-issued IDs, utility bills, and bank statements