BMO Financial Group AML Analyst/Investigator Nov 2014 interview questions

Prior to face to face, the assignment must be done. You will get a phone interview from HR person first then a face to face. Had to do a internet research assignment on the director of AML at BMO. The pass rate on that assignment is 10/15. Must reference all sources used. Subject is to research his professional career and contribution to the AML field. Assignment must be submitted to AML coordinator prior to interview. Length of the paper is 1-3 pages. They ask you to read up the below guidelines:FINTRAC Guidelines 1-2, 3, 5 and OFSI Guideline B8. Upon interview, had a small chat on description on your own skills and characteristics. They will ask you to do a 30 minutes assignment on the spot. Pass percentage is 80%. If below you don't get the job. 30 minutes assignment will ask you evaluate 4 situations. Part one is to look at a statement showing suspicious activity and you must state your observations. Such as client's occupation, the financial activity and additional observations. Most importantly, what law are they breaking (ie, predicated offence). The part 2 is a comparison of 3 scenarios. You must state what priority you give each situation and why, will you file a suspicious activity report, what stages of money laundering it is and what is the predicated offence. The questions and scenarios will be different but that test on the face to face interview for this position will be the same. This in person test are designed to as if they are only hiring experienced AML personnel who had prior AML investigative jobs. If you are someone who never had prior experience, real AML investigative jobs, very hard to pass it. You don't required to get the CAMS designation, it will not give you an advantage. Reading on FINTRAC guidelines are a bit useless, they never asked how to file paper STR or electronic STR, never asked what money laundering is. If you do fail the test, they will let you know two weeks later, also they won't tell you the answers so you don't get to pass in the future or learn from your mistakes. If you fail that test, they won't look at you until 6 months later.