Under Article 23 of the AML-CFT Decision, an insurance operator is required to identify and assess the ML/FT risks for life insurance and other investment-related insurance products that may arise in relation to:

An operator must undertake such risk assessments prior to the launch or use of new products, practices, and technologies and must take appropriate measures to manage and mitigate the identified risks. Operators should pay special attention to new products, practices, or technologies that favor anonymity.