XPost: uk.politics.misc, uk.politics.parliament, alt.politics.british
XPost: uk.media, uk.legal
From: banana@REMOVE_THIS.borve.demon.co.uk
In article , Stephen Glynn
writes
>donot@reply.con wrote:
>> "Stephen Glynn" wrote in message
>> news:Nd_Of.70938$494.15882@newsfe2-gui.ntli.net...
>>> I don't quite see what the lady's marital status has to do with
>>> anything, but why do you find it odd that she should be Company
>>> Secretary for these foreign-owned companies? You do, I hope, know what
>>> a Company Secretary does.
>>
>> Does "due diligence" fit in anywhere there?
>Nope.
True.
On the term 'due diligence' - I know it's much used by US lawyers,
especially in business, but until recently it was little used in the UK.
It is, though, being increasingly used in the UK in the context of
informing to the secret police, e.g. by accountants, solicitors, bank
managers etc. They are being told to increase the amount of 'due
diligence' exercised with regard to their clients. 'Due diligence' is
used here as a sort of sister phrase to 'know your client' ('KYC').
There may well be international 'standards' and 'procedures' regarding
this and the filing of 'Suspicious Transation Reports' (STRs) with the
secret police. (Overt standards, I mean; I'm sure there must be
international standards in this area that are covert - just as there is
great homogeneity and centralisation when it comes to software e.g. for
running telephone billing).
--
banana "The thing I hate about you, Rowntree, is the way you
give Coca-Cola to your scum, and your best teddy-bear to
Oxfam, and expect us to lick your frigid fingers for the
rest of your frigid life." (Mick Travis, 'If...', 1968)
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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