Regulatory Alerts2026-03-31
Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism
The Financial Services Agency of Japan issued these guidelines to mandate that financial institutions implement a risk-based approach to identify, assess, and mitigate money laundering and terrorist financing risks. The document requires boards of directors to take active leadership in establishing group-wide risk control frameworks and ensures accountability through the three lines of defense model. It further outlines supervisory actions, the roles of industry associations, and specific operational requirements such as customer due diligence and suspicious transaction reporting.
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