Japan: Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

July 2, 2004

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Format: Chicago

Japan: Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2004) accessed November 13, 2024

Summary

This Report reviews the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Japan. The assessment reveals that Japan has made good progress in bringing its regime for AML/CFT into compliance with international standards. A comprehensive legal and institutional framework is in place, and Japan has achieved a good level of compliance with the FATF 40+8 Recommendations. However, some weakness is noted in the area of international cooperation, and the supervision of AML/CFT compliance for postal banks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial sector policy and analysis, Financial stability assessment, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: AML, Anti-money laundering and combating the financing of terrorism (AML/CFT), Carrying out, CFT, CFT requirements, CFT system, CR, Financial institution, Financial stability assessment, Information effort, Inspection procedure, ISCR, JAFIO's statistics, Japan, Law enforcement authority, Legal support in revenue administration, Money laundering, Terrorism financing

Publication Details

Pages:

15
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/187
Stock No:

1JPNEA0012004
ISBN:

9781451820508
ISSN:

1934-7685

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