The Financial Action Task Force (FATF) published the Fourth Round Mutual Evaluation Report (MER) of Japan on 30 August, 2021.
- Fourth Round Mutual Evaluation Report (MER) of Japan
(Aug. 30, 2021)
Taking the opportunity of the publication of the MER, the Government of Japan published the following documents:
- Statement by Minister of Finance (Aug. 30, 2021) <Japanese>
The AML/CFT/CPF Action Plan (Aug. 30, 2021) <Japanese> [PDF 179KB] - The establishment of the “Inter-Ministerial Council for AML/CFT/CPF Policy”(Aug. 30, 2021) <Japanese> [PDF 125.2KB]
Based on the above AML/CFT/CPF Action Plan, JFSA will reinforce AML/CFT/CPF measures by Financial Institutions (FIs) and virtual currency exchange providers (VCEPs) and their supervision including on-site inspection through:
- Strengthening supervision of AML/CFT/CPF measures taken by FIs and VCEPs (by Autumn 2022)
- Enhancing FI’s and VCEP’s understanding of risks and ensuring appropriate risk assessments by FIs and VCEPs (by Autumn 2022)
- Fully implementing ongoing customer due diligence by FIs and VCEPs (by Spring 2024)
- Operationalizing a new shared IT platform for transaction screening and monitoring by FIs (by Spring 2024).
Given Mutual Evaluation by the FATF, the JFSA has revised “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism” in February 2021 (also in July and November 2021) and FAQ of the Guidelines in March 2021.
- Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism (Nov. 22, 2021) <English> [PDF 506KB]
- FAQ (Mar. 26, 2021) <Japanese> [PDF 1,014KB]
