CFT

regulation

Effectiveness Verification of Anti-Money Laundering Measures

The Financial Services Agency (FSA) has published a draft summary of issues and practices for dialogues on verifying the effectiveness of anti-money laundering measures for public comment, due by Thursday, February 20, 2025. The FSA emphasizes a shift towards continuous self-assessment by financial institutions, coupled with in-depth dialogue with the

banking

FSA sanctions AEON Bank for AML/CFT deficiencies

The Financial Services Agency (FSA) has issued a business improvement order to AEON Bank pursuant to Article 26, Paragraph 1 of the Banking Act. I. Content of the Business Improvement Order 1. The Bank shall implement the following measures to foster a sound risk culture that emphasizes anti-money laundering and