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Screening interview question and answers

Last Updated on Apr 07, 2026, 2k Views

Screening interview question and answers

✅ 1. Tell me about yourself

Answer:
“I have experience in AML/KYC processes including customer due diligence, document verification, and transaction monitoring. I’ve worked on identifying suspicious activities, ensuring compliance with regulatory requirements, and maintaining accurate customer records. I’m detail-oriented and interested in strengthening financial crime prevention.”

✅ 2. What do you know about AML and KYC?

Answer:

AML (Anti-Money Laundering): Prevents illegal money from entering the financial system
KYC (Know Your Customer): Verifies customer identity and assesses risk

✅ 3. Why do you want to work in AML/KYC?

Answer:
“I’m interested in financial compliance and risk management. AML/KYC plays a critical role in preventing financial crimes, and I want to contribute to maintaining the integrity of the financial system.”

✅ 4. What is Customer Due Diligence (CDD)?

Answer:
CDD is the process of:

Verifying customer identity
Understanding business activities
Assessing risk level

✅ 5. What is Enhanced Due Diligence (EDD)?

Answer:
EDD is applied to high-risk customers, such as:

Politically Exposed Persons (PEPs)
High-risk countries
Complex business structures

✅ 6. What are the types of KYC?

Answer:

Simplified Due Diligence (SDD)
Customer Due Diligence (CDD)
Enhanced Due Diligence (EDD)

✅ 7. What is a PEP (Politically Exposed Person)?

Answer:
A PEP is an individual who holds a prominent public position and poses higher risk due to potential involvement in corruption or bribery.

✅ 8. What is money laundering?

Answer:
It is the process of making illegally obtained money appear legitimate.

👉 3 stages:

Placement
Layering
Integration

✅ 9. What documents are required for KYC?

Answer (India context):

PAN card
Aadhaar card
Passport
Driving license
Utility bills (address proof)

✅ 10. What is a Suspicious Transaction?

Answer:
A transaction that appears unusual or inconsistent with a customer’s profile, such as:

Large unexplained deposits
Frequent transactions just below reporting thresholds

✅ 11. What is a Sanctions List?

Answer:
A list of individuals/entities restricted from financial activities (e.g., UN, OFAC).

✅ 12. What would you do if you find suspicious activity?

Answer:
“I would:

Analyze the transaction
Check customer profile
Escalate to compliance team
File a Suspicious Activity Report (SAR) if required”

✅ 13. What is KYC Refresh / Periodic Review?

Answer:
Updating customer information regularly based on risk level:

High risk → frequent review
Low risk → less frequent

✅ 14. What are red flags in AML?

Answer:

Sudden large transactions
Multiple accounts with similar details
Inconsistent business activity
Transactions to high-risk countries

✅ 15. Why should we hire you?

Answer:
“I have a strong understanding of AML/KYC basics, attention to detail, and the ability to identify risks. I am quick to learn and committed to compliance and accuracy.”