Jay Jay IT Solutions, a partnership, would like to take out a product
with PPS INSCO. Would the Business need to conduct customer due diligence (CDD)
before establishing a relationship with this Partnership?

Question

Answer

Yes, CDD is to be conducted by identifying the beneficial owner of this
entity and verifying the beneficial owner’s identity.

Answer

No, this is a legal entity; therefore, CDD is not required.

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Jay Jay IT Solutions, a partnership, would like to take out a product with PPS I...

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