17. Management and mitigation of risks from new technologies, etc.

A licensed estate agent must —

before offering any new service or starting any new business practice mentioned in regulation 16(a), or using any new or developing technology mentioned in regulation 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 those risks.