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CRA-4.1.4

Licensees must use appropriate technology and wherever appropriate third-party services to identify the situations referred to below, and other additional mitigating or preventive actions as necessary to mitigate the money laundering and terror financing risks involved. The situations include amongst others:

(a) The use of proxies, any unverifiable or high-risk IP geographical locations, disposable email addresses or mobile numbers, or frequently changing the devices used to conduct transactions; and
(b) Transactions involving tainted wallet addresses such as “darknet” marketplace transactions and those involving tumblers.
Added: April 2023