10. In Guideline 1.7, the following point is added: ‘d) Where the firm is launching new products …

In Guideline 1.7, the following point is added:

‘d) Where the firm is launching new products, services, or business practices, or significantly changing them, including where it introduces a new delivery channel, or adopts an innovative technology as part of its AML/CFT systems and controls framework, it should assess the ML/TF risk exposure prior to the launch of these products, services or business practices. Where these products, services or business practices have a significant impact on the firm’s ML/TF risk exposure, the firm should reflect this assessment in its business-wide risk assessment carried out in accordance with Artic le 8(2) of Directive (EU) 2015/849 and its policies and procedures.’

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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