KYC Qc Analyst Interview Questions and Answers

Sanctions and OFAC are regulatory measures imposed by governments to restrict or prohibit certain activities with specific countries, entities, or individuals.

• Sanctions are penalties or restrictions imposed on countries, entities, or individuals to achieve specific foreign policy or national security objectives.

• OFAC stands for Office of Foreign Assets Control, a U.S. government agency responsible for enforcing economic and trade sanctions based on U.S. foreign policy and nati...read more

KYC Quality Control (QC) involves ensuring compliance with regulations and internal policies by reviewing and verifying customer information.

• Reviewing customer documentation for accuracy and completeness

• Verifying customer identities through various checks and screenings

• Identifying and reporting any discrepancies or suspicious activities

• Ensuring compliance with anti-money laundering (AML) and know your customer (KYC) regulations

• Maintaining detailed records of all QC activities...read more