AML Compliance Risk Related to Pay for Business’ Two-Month Deferred-Payment Purchase Facilitation
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure broadly states that there have been no material changes in the financial regulatory compliance risks associated with Pay for Business’s deferred-payment feature. - FY2023-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure broadly states that there have been no material changes in the financial regulatory compliance risks associated with Pay for Business’s deferred-payment feature. - FY2022First statedAnnual report
「Through the deferred-payment feature of the Money Forward Pay for Business service, the company operates a business involving deferred-payment purchase intermediation as defined in Article 35-16, Paragraph 2 of the Installment Sales Act. In addition to being subject to regulations concerning the proper management of credit card numbers and other information, the company qualifies as a specified business operator under the Act on Prevention of Transfer of Criminal Proceeds.」
With the formal launch of the deferred-payment feature, the company newly disclosed regulatory compliance risks relating to the Installment Sales Act, customer identification, transaction record retention, anti-money laundering, and countering the financing of terrorism.