Monitoring Executive Interview Questions and Answers

To transfer money from your bank to your friend's bank, you need to follow these steps.

• Log in to your online banking account

• Select the option to transfer funds

• Enter your friend's bank account details

• Enter the amount you want to transfer

• Confirm the transaction

• Wait for the transaction to be processed

KYC stands for Know Your Customer. If a bank fails to do KYC, it may face legal and financial consequences.

• KYC is a process where financial institutions verify the identity of their customers to prevent fraud, money laundering, and terrorist financing.

• If a bank fails to do KYC, it may face penalties from regulatory authorities, reputational damage, and increased risk of financial crimes.

• Examples of KYC measures include verifying customer identity through documents like passpo...read more

AML stands for Anti-Money Laundering and refers to the measures taken by financial institutions to prevent and detect money laundering activities. Risk that clients bring includes the potential for involvement in illegal activities or financial fraud.

• AML involves implementing policies and procedures to identify and report suspicious activities that may be related to money laundering or terrorist financing.

• Clients may pose a risk if they engage in large, frequent, or unusual t...read more

Surveillance refers to the monitoring of behavior, activities, or information for the purpose of gathering intelligence, preventing crime, or maintaining security.

• Surveillance involves the systematic observation of people, places, or objects.

• It can be conducted through various methods such as video cameras, drones, wiretapping, or physical observation.

• Surveillance is often used by law enforcement agencies, intelligence services, and security personnel.

• The data collected throu...read more