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AI Summary of 1.15

Version date: 1 March 2021 - onwards

1.15

A generic ML/TF risk assessment that has not been adapted to the specific needs and business model of the firm (‘an off-the-shelf ML/TF risk assessment’), or a group-wide risk assessment that is applied unquestioningly, is unlikely to meet the requirements in Article 8 of Directive (EU) 2015/849.