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  • New Products, Practices and Technologies

    • AML-1.4.5

      Capital Market Licensees must identify and assess the money laundering or terrorist financing risks that may arise in relation to:

      (a) The development of new products and new business practices, including new delivery mechanisms; and
      (b) The use of new or developing technologies for both new and pre-existing products.
      Amended: January 2022
      Added: April 2016

    • AML-1.4.6

      For purposes of Paragraph AML-1.4.5, such a risk assessment must take place prior to the launch of the new products, business practices or the use of new or developing technologies. Capital Market Licensees must take appropriate measures to manage and mitigate those risks.

      Amended: January 2022
      Added: April 2016

    • AML-1.4.7

      Capital Market Licensees, while complying with the requirements of Paragraphs AML-1.4.5 and AML-1.4.6, must pay special attention to new products, new business practices, new delivery mechanisms and new or developing technologies that favor anonymity.

      Amended: January 2022
      Added: January 2020