Third-party reliance
A reporting entity may rely on a third party for client identification only if it immediately obtains the CDD records, can obtain documentation on request without delay, is satisfied the third party is regulated…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IFSCA-01← All terms