Reliance on Third Parties
What are the risks?
Failure of Recommendation 17 would have a cascading
effect on:
Customer Due Diligence - R. 10
Record Keeping – R.11,
Politically Exposed Persons (PEPs) – R.12
DNFPs: CDD and other measures – R.22 and 23
Transparency and beneficial ownership of legal persons and
arrangements – R.24 and 25
Regulation and supervision of DNFBPs – R.28
AND possibly others
