FC-1.4.4

Financial services provided using digital channels or internet pose greater challenges for customer identification and AML/CFT purposes. Investment firm licensees must identify and assess the money laundering or terrorist financing risks relevant to any new technology or channel and establish procedures to prevent the misuse of technological developments in money laundering or terrorist financing schemes. The risk assessments must be consistent with the requirements in Section FC-C.2.

Amended: January 2022
Amended: January 2007