Senior Operations Professional Interview Questions and Answers

Stages to prevent money laundering involve customer due diligence, monitoring transactions, reporting suspicious activities, and ongoing training.

• Customer due diligence - Verify customer identity and assess risk level

• Transaction monitoring - Regularly review transactions for suspicious activities

• Reporting suspicious activities - Report any suspicious transactions to authorities

• Ongoing training - Provide training to employees on anti-money laundering policies and procedures

Answering questions related to /etc/fstab fields and lvextend command.

• Fields in /etc/fstab are device, mount point, file system type, options, dump frequency and file system check order

• Using 'l' instead of 'L' in lvextend command will result in an error as 'l' is not a valid option

• lvextend command is used to extend the size of a logical volume

• The /etc/fstab file is used to define how file systems are mounted and accessed during system startup

Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

• Money laundering involves disguising the origins of illegally obtained money.

• It typically involves a series of transactions to make the money appear legitimate.

• Money laundering can involve complex financial transactions and multiple parties to obscure the source of the funds.

• Examp...read more

Anti money laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML involves detecting and reporting suspicious activities that could be related to money laundering or terrorist financing

• Financial institutions are required to have AML programs in place to comply with regulations

• Examples of AML measures include customer due diligence, transaction monitoring, and reporti...read more

Identification allows for personalized services, targeted marketing, enhanced security, and efficient communication.

• Personalized services: Identification helps businesses tailor their products or services to meet individual customer needs.

• Targeted marketing: Knowing the identity of customers allows for more effective marketing strategies.

• Enhanced security: Identification helps prevent fraud and unauthorized access to sensitive information.

• Efficient communication: Identifying ...read more