The Financial Services Agency of Japan (Japan financial regulator) published the notice today under the Act on Prevention of Transfer of Criminal Proceeds, a key anti-money laundering framework.
The Financial Services Agency of Japan (Japan financial regulator) has opened a public comment process on a proposed revision to country or region designations under the Act on Prevention of Transfer of Criminal Proceeds, according to the notice published today. The act is part of Japan’s anti-money laundering and countering illicit finance framework, and changes to jurisdiction designations can affect how regulated firms assess transaction risk and compliance obligations.