76. With specific regard to innovative business models and/or delivery mechanisms, competent …

With specific regard to innovative business models and/or delivery mechanisms, competent authorities should also pay attention to the description of the innovative features of the envisaged services and products, including any potential increased exposure to ML/TF risk. In line with the proportionality and risk-based approach, competent authorities may consider reviewing the underlying explanation of the new product’s attractiveness, product pricing, structure and comparative advantage. Such a review should be coordinated and complemented with the target market analysis as described in section 7.2.3, and the potential impact of the external key indicators on the business strategy.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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