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      Question

      Which conditions must be met for a third party’s

      customer due diligence to be accepted by an RE?
      A Third-party records must be immediately accessible. Correct Answer Incorrect Answer
      B The third party must be regulated under the PML Act. Correct Answer Incorrect Answer
      C The third party must not be based in a high-risk jurisdiction. Correct Answer Incorrect Answer
      D REs must take steps to verify identification data availability. Correct Answer Incorrect Answer
      E All of the above. Correct Answer Incorrect Answer

      Solution

      To rely on a third party’s customer due diligence, the RE must ensure immediate access to records, regulation of the third party under PML compliance, absence of high-risk jurisdiction affiliations, and verification of data availability.

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