17. Managing and mitigating risks from new technologies, etc.

A licensed housing developer must —

before offering any new service or starting any new business practice referred to in rule 16(a), or using any new or developing technology referred to in rule 16(b), undertake an assessment of the risks of money laundering, proliferation financing and terrorism financing that may arise in relation to the offering of that service, the starting of that business practice or the use of that technology; and

take appropriate measures to manage and mitigate such risks.