Anti-Money Laundering & Counter Terrorism Financing and Sanctions

01 January 2020 00:00 by Koji Kanazawa, Eiki Takahashi

Organisations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The Japan Anti-Money Laundering & Counter Terrorism Financing module outlines your organisations obligations under such laws as the 'Act on Prevention of Transfer of Criminal Proceeds', 'Foreign Exchange and Foreign Trade Act', 'Act on Special Measures Concerning Asset Freezing, etc. of International Terrorists' and over 22 other compliance sources. This module offers practical guidance on the identification, mitigation and management of money laundering and terrorism financing risks.

Module Scope:

Core Obligations

  • Overview
  • Specified Business Operator
  • Overview of Customer Due Diligence Procedures
  • Details of Customer Due Diligence
  • Suspicious Transaction Reporting (STR)
  • International Transactions
  • Implementation of AML/CFT programme
  • Complying with international sanctions
  • Preparing for Foreign Exchange inspection by the Authority

Legal Landscape

  • Act on Prevention of Transfer of Criminal Proceeds
  • Foreign Exchange and Foreign Trade Act
  • Act on Special Measures Concerning Asset Freezing, etc. of International Terrorists
  • Act on Punishment of Financing to Offences of Public Intimidation
  • and 22 other compliance sources

Regulators

  • Financial Services Agency
  • Japan Financial Intelligence Center
  • Ministry of Finance
  • and 8 other regulators

Webinars