4‑5 Information relating to ML/TF risks4‑5 Information relating to ML/TF risks

4‑5 Information relating to ML/TF risks

The application must contain the following information: (a) information identifying the key risks of money laundering, financing of terrorism and proliferation financing that the candidate has assessed it may reasonably face in providing its registrable services; (b) information on the risks of money laundering, financing of terrorism and proliferation financing associated with the following: (i) the kinds of customers to whom the candidate will provide its registrable services; (ii) any foreign countries in which the candidate will operate in providing its registrable services; (iii) the products and services the candidate will provide in relation to its registrable services; (iv) the delivery channels by which the candidate’s registrable services will be provided; (v) the kinds of transactions the candidate will undertake in providing its registrable services; (c) information on the candidate’s process for reviewing and updating its ML/TF risk assessment (see section 26D of the Act).