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Due diligence questionnaire: Difference between revisions
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{{def|Due diligence questionnaire|/djuː | {{def|Due diligence questionnaire|/djuː ˈdɪlɪʤəns ˌkwɛstɪəˈneə/|n|}}The 120-page long [[form]] by which one satisfies one’s [[compliance]] department that one has paid attention to the organisation and competence of one’s financial service providers. This is a final [[The Victory of Form over Substance|victory for form in its epochal battle with substance]] in the mind of the modern multinational organisation. | ||
Persons charged with requiring, or responding to, [[due diligence questionnaire]]s like to shunt any difficult or stupid questions they find in the questionnaire — and there are bound to be thousands: things like “summarise all legislation, regulation and statutory instruments in any jurisdiction, past or present or future, to which you have been, are, might be or potentially could be subject”, or “is global warming real?” — to the [[legal department]]. This is almost never justified or appropriate. | Persons charged with requiring, or responding to, [[due diligence questionnaire]]s like to shunt any difficult or stupid questions they find in the questionnaire — and there are bound to be thousands: things like “summarise all legislation, regulation and statutory instruments in any jurisdiction, past or present or future, to which you have been, are, might be or potentially could be subject”, or “is global warming real?” — to the [[legal department]]. This is almost never justified or appropriate. | ||