Citation Audit

Citation: Article 10 1. ¶ 2 – Prior to the launch of new products, services or business practices, including the use of new delivery channels and new or developing technologies, in conjunction with new or pre-existing products and services or before starting to provide an existing service or product to a new customer segment or in a new geographical area, obliged entities shall identify and assess, in particular, the related money laundering and terrorist financing risks and take appropriate measures to manage and mitigate those risks.

Control: CC ID 698 – Include risks to critical personnel and assets in the threat and risk classification scheme.