Explanation

Answer Example

To identify and prevent fraud, I would implement a combination of data analytics tools and procedural controls tailored to APAC-specific risks, such as trade-based money laundering. For example, I deployed a machine learning algorithm at a previous bank to detect anomalous transaction patterns, which led to a 20% reduction in fraud cases within six months. Additionally, I ensure segregation of duties in high-risk processes and conduct regular audits and employee training to build awareness and vigilance. This layered approach minimizes fraud risk while maintaining operational efficiency.