Sentences with phrase «required diligence procedures»

Not exact matches

With this in mind, once the legislation is applied at the European Union level, crypto exchanges alongside wallet providers will be required to introduce specific due diligence procedures for their customers.

AML regulations require institutions allowing customers to open trading accounts to complete due - diligence procedures to ensure they are not aiding in money - laundering activities.

Most FOFs require a formal due - diligence procedure for their fund managers.

Led by the firm's head of real estate Andrew Bembridge, the deal was made even more challenging by the fact it was a share sale transaction and there were no warranties on the underlying environmental state of the properties, requiring extensive due diligence procedures from all parties (including ensuring that representations made at interviews between the buyer and seller on environmental issues were not binding).

These policies and procedures must address (1) the identification and risk assessment of third parties with access to Information Systems or Nonpublic Information; (2) minimum cybersecurity practices required to be met by such third parties; (3) due diligence processes used to evaluate the adequacy of cybersecurity practices of such third parties; and (4) periodic assessment, at least annually, of such third - parties and the continued adequacy of their cybersecurity practices.

Early this month, news.Bitcoin.com reported on Korea's top financial regulators jointly announcing their plans to deal with digital currencies by requiring banks to perform due diligence and bitcoin exchanges to intensify their user verification procedures.