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Third Party Due Diligence

What does 3PP stand for?
Three Part Proceeding
Third Party Process
Third Party Payments
What is the longest time for which a completed 3PP is valid?
1 year
3 years
10 years
You want to engage a new third party for the first time. By when must you complete 3PP at the very latest?
Before signing the contract with the third party
Before the first payment is made
Before initiating discussions with the third party about a potential contract
Full 3PP must be performed for all third parties.
True
False
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