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LEVEL 1 LOW RISK/ NONSENSITIVE SOLICITATION/CONTRACT/ORDER FOR COMMERCIAL ITEMS OFFER OR TO COMPLETE BLOCKS 12, 17, 23, 24, & 30 2. CONTRACT NO.3. AWARD/1. REQUISITION NUMBERPAGERG0419100114. ORDER
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What is level 1 low risk?
Level 1 low risk is a classification used for reporting entities that are considered to have a low risk of money laundering or terrorist financing.
Who is required to file level 1 low risk?
Entities that fall under the level 1 low risk category are required to file this classification.
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To fill out level 1 low risk, entities must provide all required information and attest to the accuracy of the data provided.
What is the purpose of level 1 low risk?
The purpose of level 1 low risk is to help regulators and authorities identify entities that pose a lower risk of money laundering or terrorist financing.
What information must be reported on level 1 low risk?
Entities must report detailed information about their business activities, ownership structure, and any relevant risk assessment conducted.
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