Genpact Associate Interview Questions and Answers

Danske Bank money laundering scandal

• Danske Bank's Estonian branch was involved in a money laundering scandal

• Around €200 billion was laundered through the branch between 2007 and 2015

• The scandal led to the resignation of the bank's CEO and several other executives

• Investigations are ongoing in several countries, including Denmark, Estonia, and the US

Order to cash is the process of receiving and fulfilling customer orders, and receiving payment for those orders.

• Order to cash involves multiple steps, including order entry, order fulfillment, invoicing, and payment processing.

• It is a critical process for businesses as it directly impacts revenue and customer satisfaction.

• Examples of order to cash systems include SAP, Oracle, and Salesforce.

• Efficient order to cas...read more

Yes, I am comfortable with night shifts and have experience working during those hours.

• I have worked night shifts in my previous job and have adapted to the schedule

• I am a night owl and prefer working during those hours

• I understand the importance of being alert and focused during night shifts

• I am willing to adjust my sleep schedule to accommodate night shifts

Three Golden Rules are: Do unto others as you would have them do unto you, Love your neighbor as yourself, and Honor your father and mother.

• Do unto others as you would have them do unto you - treat others the way you want to be treated

• Love your neighbor as yourself - show kindness and compassion to those around you

• Honor your father and mother - respect and appreciate your parents and their guidance

Money laundering is the process of making illegally obtained money appear to have been obtained through legal means.

• It involves disguising the source of funds to make them appear legitimate

• It is often associated with organized crime and drug trafficking

• Common methods include using shell companies, offshore accounts, and cash businesses

• Money laundering is illegal and can result in severe penalties, including impris...read more

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use those funds to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, loans, credit cards, and investment products.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• ...read more

Money laundering is the process of disguising the proceeds of illegal activity as legitimate funds.

• Money laundering involves three stages: placement, layering, and integration.

• Placement involves introducing the illegal funds into the financial system.

• Layering involves moving the funds through a series of transactions to make it difficult to trace their origin.

• Integration involves using the laundered funds to purch...read more

P2P cycle involves procurement, receiving, invoicing, and payment. PO invoices are based on purchase orders, while non-PO invoices are not.

• P2P cycle includes procurement, receiving, invoicing, and payment

• PO invoices are based on purchase orders

• Non-PO invoices are not based on purchase orders

• PO invoices have a pre-approved budget and quantity

• Non-PO invoices require additional approval before payment

• PO invoices are ...read more