Mr. Yamazaki provided an overview of the revised Act on Prevention of Transfer of Criminal Proceeds that was enforced in April 2013. He also discussed the background of the revision and future directions, as well as the framework that financial institutions should develop as measures to financial crimes in anti-social forces, with the perspective of a mid to long term preparation for the possible rise of the regulatory requirements in the future.
Mr. James E. Hough, PartnerMorrison & Foerster LLP
Mr. Hough gave an overview of the incident, lessons learned, and the ongoing fallout. This presentation was highly recommended for management, personnel involved in benchmark setting, and legal and compliance staff. Attendees gained a greater understanding of potential blind spots in internal controls and compliance as well as strategies for remediation.
