Due diligence

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1. Risk management - acquisitions - investment.


The process of detailed investigation and verification of key information by a prospective investor or their representative.

2. Risk management - money laundering.

The verification of a prospective customer's identity and the nature of their business, for the purposes of preventing money laundering.

Also known as customer due diligence.

3. Law.

The reasonable steps that a person is required by law to take, to avoid committing a criminal offence or a tort.

4. Risk management.

The reasonable investigation or other exercise of care that a business or other person would undertake before entering a contract, or any other act or omission.

See also

Other resource

Squeaky Clean, The Treasurer, 2015