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DUE DILIGENCE FORM FOR INDIVIDUALSBefore completing this form, please refer to Appendix A heretoSECTION 1: PERSONAL DETAILSNAME/SURNAME: (As it appears on identification documents) MIDDLE NAME: OTHER
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Due diligence form is used to gather information about customers or clients to ensure compliance with regulations and to assess potential risks.
Financial institutions, such as banks and investment firms, are required to file due diligence forms for their customers.
Due diligence forms can be filled out electronically or in paper format, and typically require information such as identification documents, financial statements, and transaction history.
The purpose of due diligence form is to prevent money laundering, fraud, and terrorist financing by verifying the identity of customers and assessing their risk level.
Information such as customer's name, address, identification number, source of funds, and purpose of transactions must be reported on due diligence form.
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