When does CDD need to be performed - at engagement or settlement?
Generally at engagement, the moment the designated service starts; Delayed Initial Due Diligence is available in some scenarios.
Generally at engagement - the moment the designated service starts.
For the full answer, see Does Tranche 2 apply at contract signing or at settlement for property transactions?.
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- Does Tranche 2 apply at contract signing or at settlement for property transactions?
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