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AML 6.1.3

Without limiting compliance with Rules 6.1.1 and 6.1.2 a Relevant Person must, prior to launching any new product, service, business practice or using a new or developing technology, take reasonable steps to ensure that it has:

(a) assessed and identified the money laundering risks relating to the product, service, business practice or technology; and
(b) taken appropriate steps to mitigate or eliminate the risks identified under (a).
Added on (15 April, 2019).