JFSA’s initiatives in AML/CFT/CPF in response to FATF Fourth Round Mutual Evaluation Report (MER) 

 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] 

Contact

International Affairs Offce, Strategy Development and Management Bureau, Financial Services Agency

Tel: +81-(0)3-3506-6000