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The Licensee must comply with the laws, regulations, resolutions and instructions issued in relation to the Anti-Money Laundering, Counter-terrorism Crimes and Financing and the internal policies issued in this regard.
(2)
The Licensee must adopt a risk-based approach in developing its Anti-money laundering and counter-terrorist financing internal policies and procedures to ensure that measures used to mitigate the risks of money laundering and terrorist financing are commensurate to the risks identified.
