When and how should an institution appraise the AML risk of a newly developed product?
Choose 3 answers

A.
The institution should request the Compliance Officer to review and evaluate the AML risk prior to the
product going live

B.
The institution should roll the product out on a preliminary basis to determine what risks develop with regard
to the product

C.
The institution should review previous administrative actions to determine if the product has created
problems for other institutions

D.
The institution should evaluated where, how and to what extent the product is going to be used