# FATF R.15 — New technologies - **Part of:** [[FATF Recommendations]] Countries and financial institutions must identify and assess money laundering and terrorist financing risks arising from new products, business practices, delivery mechanisms and technologies, with institutions assessing new offerings before launch and taking steps to mitigate identified risks. Since the 2018-19 amendments, this extends to virtual assets: countries must ensure virtual asset service providers are licensed or registered, regulated for AML/CFT, and subject to effective risk-based supervision or monitoring by a competent authority with powers to inspect, compel information and sanction, including licence withdrawal. ## Keyed AMLR articles - [[AMLR Art. 3 - Obliged entities|AMLR Art. 3]] — Obliged entities - [[AMLR Art. 37 - EDD correspondent for CASPs|AMLR Art. 37]] — EDD correspondent for CASPs - [[AMLR Art. 40 - Self-hosted address transactions|AMLR Art. 40]] — Self-hosted address transactions ## Further AMLR connections - [[AMLR Art. 10 - Business-wide risk assessment|AMLR Art. 10]] — Both require a pre-launch ML/TF risk assessment of new products, delivery channels and technologies, with mitigation measures; AMLR also covers new customer segments and geographies. *(direct)* ## Authoritative text > [!quote]- FATF Recommendation 15 — text of the Recommendation (FATF Recommendations, updated June 2026); interpretive note not reproduced > **15. New technologies** > Countries and financial institutions should identify and assess the money laundering or terrorist financing risks that may arise in relation to (a) the development of new products and new business practices, including new delivery mechanisms, and (b) the use of new or developing technologies for both new and pre-existing products. In the case of financial institutions, such a risk assessment should take place prior to the launch of the new products, business practices or the use of new or developing technologies. They should take appropriate measures to manage and mitigate those risks. > To manage and mitigate the risks emerging from virtual assets, countries should ensure that virtual asset service providers are regulated for AML/CFT purposes, and licensed or registered and subject to effective systems for monitoring and ensuring compliance with the relevant measures called for in the FATF Recommendations.