Due diligence

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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