Regulatory Alerts2026-03-31
Frequently Asked Questions Regarding Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism
The Financial Services Agency (FSA) Strategy Development and Management Bureau issued these Frequently Asked Questions on March 31, 2026, to clarify its "Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism". This document provides detailed guidance on general concepts of risk-based approaches, measures required of financial institutions, and the roles of industry associations and central institutions in AML/CFT efforts. It outlines specific actions for financial institutions concerning risk identification, assessment, and mitigation, encompassing customer due diligence, transaction monitoring, record keeping, suspicious transaction reporting, IT systems, and data governance.
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