Preview Questions Fraud Analyst | Role Specific Skill

Question 1: Under FATF guidelines, which of the following indicators is considered a red flag for potential money laundering?

Which action should you take?

Choose only one option

Regularly transferring funds to a single high-risk country

Frequent high-value international transfers from unverified accounts

Large deposits followed by immediate withdrawals

Multiple small withdrawals within the same day

Question 2: Which of the following regulations is most relevant to anti-money laundering (AML) efforts in the BFSI industry?

Which action should you take?

Choose only one option

GDPR (General Data Protection Regulation)

Basel III

Dodd-Frank Act

FATCA (Foreign Account Tax Compliance Act)

Question 3: Which anomaly detection method uses historical transaction data to identify unusual behavior?

Which action should you take?

Choose only one option

Linear Regression

Statistical Outlier Detection

Collaborative Filtering

Neural Networks

Question 4: Which of the following is the primary challenge when using deep learning models for fraud detection?

Which action should you take?

Choose only one option

Slow model training times

Overfitting to training data

Interpretability and explainability of the model

Data sparsity and missing values

Question 5: When documenting an investigation, which regulatory requirement is most often mandated by financial authorities?

Which action should you take?

Choose only one option

Keeping a record of all investigation-related communications

Including a detailed summary of suspected perpetrators

Distributing findings to all affected parties

Filing fraud reports within a specified timeline

Question 6: How can you apply time series analysis to identify trends in fraudulent activity within a specific account over several months?

Which action should you take?

Choose only one option

By conducting a retrospective analysis of past activities

By identifying seasonal patterns in transactions

By tracking unusual spikes in account balance

By forecasting future account behavior