Japan’s Financial Services Agency Seeks Public Comment on AML Country Designation Revision

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.

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