Past Events

Update on AML/KYC Regulations in Japan: Amendments to the Act on Prevention of Transfer of Criminal Proceeds

Mr. Yoshio Horimoto, Managing Director, Promontory Financial Group
Mr. Masayuki Watanabe, Partner, Miyake & Partners

The National Police Agency (NPA) has undertaken to strengthen AML regulations in Japan to meet the global standards set by the Financial Action Task Force (FATF). In this regard, amendments to the Act on Prevention of Transfer of Criminal Proceeds were passed by the Diet in 2011. Mr. Horimoto and Mr. Watanabe discussed the regulations, currently being drafted by the authorities, to implement the amended law.

Legal/Regulatory 

2012 IBA Annual General Meeting, Address by FSA Commissioner & Reception

The IBA held its 28th Annual General Meeting (AGM) on November 28 at the Okura Hotel in Tokyo, followed by a reception with 200 guests. The main speaker was the Commissioner of the Financial Services Agency, Mr. Ryutaro Hatanaka, who discussed recent trends in financial and capital markets, and regulatory and supervisory challenges.

IBA Annual General Meeting 

Financial Sector Regulatory and Compliance Seminar

Mr. Haruhiko (Harry) Saito, CEO and Managing Director, TIC K.K.

Mr. Saito discussed the following topics: (1) recent regulatory dynamics; (2) new areas of focus and the regulatory intent; (3) major expectations on internal controls and key determinants of regulatory sanctions; and (4) practical measures for IBA member firms in dealing with regulators. The content was practical, covering recent regulatory concerning areas such as information controls, management of outsourced services and IT risk management.

Legal/Regulatory 

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