Question

Which conditions must be met for a third party’s

Q: Answer-Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?

To rely on a third partys 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.

customer due diligence to be accepted by an RE?

A Third-party records must be immediately accessible.

B The third party must be regulated under the PML Act.

C The third party must not be based in a high-risk jurisdiction.

D REs must take steps to verify identification data availability.

E All of the above.

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SIDBI Grade A (Assistant Manager)

Which conditions must be met for a third party’s

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