When a Licensed Person undertakes an Acquisition Offer, in whole or in part, of a financial institution in a foreign country, the licensed person shall ensure that the acquired institution has or will perform CDD measures consistent with the requirements of this Module at the time of Acquisition Offer, by undertaking the following: 1. Ensure that the acquired institution holds CDD records for all the clients, including client identification information, thus precluding any doubts that the Licensed Person might have about the veracity or adequacy of the information acquired. 2. The Licensed Person shall conduct enquiries on CDD measures performed by the acquired institution to ensure the adequacy of such measures and controls with combating money laundering and terrorism financing.