Mr. Chiharu Yamazaki, Partner, KPMG AZSA LLC

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.