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13.06 Due Diligence Questions; Information TechnologyDue Diligence Questions Information Technology (\"IT\")For each facility (as applicable), please answer the following questions:1. IT MODEL: Is
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The 06 due diligence questions refer to a specific set of inquiries aimed at assessing the risks associated with a financial transaction or client engagement, often involving compliance with regulatory requirements.
Those engaged in certain financial services, transactions, or regulated activities, such as financial institutions, investment advisors, and other entities subject to anti-money laundering (AML) regulations, are typically required to file the 06 due diligence questions.
To fill out the 06 due diligence questions, one must carefully review each question, provide accurate and complete information related to the client's identity, transaction details, and any relevant risk factors, ensuring compliance with applicable regulations.
The purpose of the 06 due diligence questions is to gather necessary information to assess and mitigate risks related to money laundering, fraud, and other illegal activities in financial transactions.
Information required on the 06 due diligence questions generally includes the identity of the parties involved, nature of the transaction, purpose of the business relationship, source of funds, and any risk factors identified during the assessment.
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