On-going Due Diligence definition

On-going Due Diligence means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.
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On-going Due Diligence means regular monitoring of transactions in accounts to ensure that those are consistent with Company’s knowledge about the customers, customers’ business and risk profile, the source of funds / wealth.
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On-going Due Diligence means regular monitoring of transactions in accounts to ensure that they are consistent with the customers, customers’ business and risk profile, the source of funds/wealth.
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Examples of On-going Due Diligence in a sentence

  • Compliance with the Ongoing Due Diligence Policy is reviewed annually through an Agreed Upon Procedures audit performed by an independent auditor.

  • The Ongoing Due Diligence Policy outlines the process and criteria used to evaluate the retention/termination of external investment managers.

  • RSIC Staff maintains an Ongoing Due Diligence Policy that outlines the manager monitoring requirements in detail.

  • If following the completion of an Ongoing Due Diligence exercise, Vitesse considers on reasonable grounds that the Client is not a suitable recipient of the Services, the Client shall not be entitled to the provision of the Services and Vitesse shall be entitled to terminate the Agreement with immediate effect by giving written notice to the Client in accordance with Clause 14.3.

  • Ongoing Due Diligence of Approved Insurance Providers for Insurance Products 3.1. Approved Insurance Providers for Life Insurance Products Personal life insurance product advice may only be provided in relation to intermediated retail insurance products offered by insurers on the Approved List of Insurance Providers.


More Definitions of On-going Due Diligence

On-going Due Diligence means regular monitoring of transactions in accounts to ensurethat they are consistent with the customers’ profile and source of funds.
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On-going Due Diligence means regular monitoring of transactions to ensure that they are consistent with the subscriber’s profile and source of funds.
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On-going Due Diligence means regular monitoring of Transactions in accounts to ensure that they are consistent with the Customers’ profile and source of funds.
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On-going Due Diligence means regular monitoring of transaction(s) in account(s) to ensure that they are consistent with the customers' profile and their source of funds. On-going monitoring is an essential elements of effective KYC procedure. The Company shall follow the effective control to reduce risk. The Company will identify the beneficial owner and take all reasonable steps to verify normal and reasonable activity of the customer. Identifying transactions that fall outside regular pattern of activity. The Company shall exercise ongoing due diligence with respect to the business relationship with every client and closely examine the transactions in order to ensure that they are consistent with their knowledge of the customer, his business and risk profile.
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On-going Due Diligence means regular monitoring of transactions in accounts to
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On-going Due Diligence means regular monitoring of transactions in accounts to ensure thatthey are consistent with the customers’ profile and source of funds.
Sample 1
On-going Due Diligence means regular monitoring of transactions in accounts to ensure that they
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