Hook

What are your parents do for work? My mom's a banker. Okay. Do you think she can answer five questions every banker should know and if she gets them right you get 10 bucks? Yes. You down? Are you look pretty perfect. Basically, if you can answer five questions every banker should know your daughter wins $10. Are you down to try? Okay. Okay, cool. What is your specific role? Anti money laundering compliance analyst. What is the difference between AML and KYC? AML is the anti money laundering program and KYC is know your customer. Perfect. Yeah, one for one. Number two, what is the difference between a suspicious activity report and a currency transaction report? A suspicious activity report is the report that we file with FinCEN reporting the suspicious activity and the CTR is the form required to fill out when you're when you're taking out 10,000 or more. Amazing. Yeah, two for two. Um what is structuring and why is it illegal? Depositing or um withdrawing money below right below the reporting threshold. Perfect. Good job. Three for three. Um what is the difference between a risk based approach and a rules based approach? With a risk based approach we are protecting the bank. Four for four. Okay, this is the last one. This is the hardest one. Um what is the difference between correspondent banking risk and trade finance risk? Come on mom. Come on. Trade I would say um it's involving um trade so things that are that are not federally insured. No, no, no, no. Okay. Hurry up. Cause this time correspondent banking. I guess just dealing with retail banking and and things that are federally insured. Yeah. Good job. Five for five. Last question for you. What is the salary range for a role like this? About 65 to 120 entry level. Nice. Cool. Thank you so much for your time. Appreciate it. Your daughter is going to win 10 bucks. Thank you.
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