​While neither the Delhi High Court nor the Appellate Tribunal under the PMLA has prescribed what this diligence should entail, it typically involves a risk-based assessment of the investee’s business, accounting transaction testing, screening of assets, and verification of the source of funds, among other things. Read more at: https://legal.economictimes.indiatimes.com/news/opinions/protect-your-investments-risks-of-asset-attachment-in-indias-money-laundering-enforcement/121457292?ag=wappchnl&utm_source=wappchnl