(3) Set out measures and procedures to mitigate money laundering and terrorismfinancing risks.(4) Update as current as possible information to be used for money laundering and terrorism financing risk assessment and management for such businesses or professions under Section 16 Paragraph One (2), (3), (4), (5), (6), (7), (8) and (10) to ensure correctness and completeness of risk assessment and management result.(5) Set out effective mechanism to submit money laundering and terrorism financing risk assessment and management information to the Office.