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 

The FSA’s 2012-13 Supervisory Policy for Banks

Mr. Shigeru Ariizumi, Director, Banks Division I, Inspection Bureau, Financial Services Agency

Mr. Ariizumi spoke on the FSA’s focus and policy of the supervision and the FSA’s financial institutions. The points addressed included more effective customer protection, evaluation of BCP and IT system management, and market risk and liquidity risk management given the recent market developments, especially in Europe and the U.S.

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