Regulations Governing Anti-Money Laundering and Countering Terrorism Financing of Financial Technology Innovative Experimentation Article 9

An applicant shall establish policies and procedures for watch list filtering, based on a risk-based approach, to detect, match and filter whether participants, their beneficial owners or connected parties of the participants are individuals, legal persons or organizations sanctioned under the Terrorism Financing Prevention Act or terrorists or terrorist legal persons or organizations identified or investigated by a foreign government or an international organization.An applicant shall document its name and account filtering operations and maintain the records for a time period in accordance with Article 11.