(1) The reporting organization shall identify and evaluate the risks related to financial investment in money laundering and terrorist activities that may be created by existing or new tools and business practices, customers or transactions that are not present themselves, distribution systems or new or developing technologies. 2) Identification and evaluation of risks according to sub-section (1) shall be done before putting such equipment, business practice, distribution system or technology into use. 4) In order to address the special risks related to financial investment in money laundering and terrorist activities that may occur when establishing a business relationship with a client who is not present or doing business, the indicator organization shall create and implement policies and procedures related to client identification and confirmation.