AML Related Interview Questions

Question 1

1. Let’s assume I want to launder money. How best do you think I should go about it?

Answer 1

* Make it understood that it’s not advisable/good to engage in money laundering. It’s not a good thing.*

1. Focus on explaining the 3 stages of money laundering
   ** (P, L, I) **
2. PLI is placement, layering and integration.

Question 2

2. As an AML Analyst level 1, who do you send your SAR form to?

Answer 2

** Trick question **
1. As an AML analyst Level 1, you are not cannot file SAR (Suspicious Activity Report).
2. AML analyst Level 1 does not have access/ not eligible to SAR filling.
3. SAR forms are completed and sent to FINCEN for further investigation.

Question 3

3. Tell us what you know about structuring?

Question 4

4.Professionalism versus Performance, which one comes first and why?

Question 5

5. When it comes to compliance, Tell us 5 WatchDogs you know.

Question 6

6. Explain what you know about the US Patriots Act.

Question 7

7. Explain the three stages of money laundering.

Question 8

8. What is Branch Outreach?

Question 9

9. Is there any difference between Terrorist Financing and Money Laundering?

Question 10

10. Give us a case study of an alert you find very challenging to review.

Question 11

11. If you receive a case alert and you discover the person involved is a family friend, what will you do?

Question 12

12. Tell us about a complex situation you encountered in the course of doing your job and how did you handle it?

Question 13

13 How do you remain calm when you are in a difficult situation with a client?

Question 14

14 What do you know about Chargeback transactions ?

Question 15

15 How do you remain objective when working on an alert?

Question 16

16 Tell me about a mistake you made on the job and how you manage the situation.

Question 17

7 Give me 3 cases you have worked on.

Question 18

18 What do you like most about your job and what did you dislike about it?

Question 19

19 What is your dream job?

Question 20

20 What is fraud Identity

Question 21

21 What is Chargeback Regulation?

Question 22

22. If you notice a $50,000 cash deposit in my account, will you escalate, file a SAR or Close it?

Question 23

23. What are the Red flags you look out for in a Transaction.