Legal compliance risks in money lending and social lending businesses
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, if the Group fails to respond appropriately to amendments to laws and regulations, or if a supervisory authority or other body identifies violations and the Group becomes subject to administrative action, the Group's credibility may be seriously damaged, adversely affecting its business activities, financial condition and operating results.」
The Company continues to identify the risks associated with responding to laws, self-regulatory rules and system revisions relating to money lending and social lending, as well as the impact on credibility and business performance if violations occur. - FY2021RestatedAnnual report
「The Group is working to strengthen its company-wide internal control framework, ensure compliance with laws and regulations and establish thorough compliance awareness, while striving to respond promptly to changes in relevant systems.」
The Company continues to maintain its policy for responding to laws, self-regulatory rules and revisions to systems relating to money lending and social lending. - FY2020RestatedAnnual report
「The Group is working to strengthen its company-wide internal control framework, ensure compliance with laws and regulations and establish thorough compliance awareness, while striving to respond promptly to changes in relevant systems.」
The Company continues to maintain its policy for responding to laws, self-regulatory rules and revisions to systems relating to money lending and social lending. - FY2019RestatedAnnual report
「The Group is working to strengthen its company-wide internal control framework, ensure compliance with laws and regulations and establish thorough compliance awareness, while striving to respond promptly to changes in relevant systems.」
The Company continues to maintain its policy for responding to laws, self-regulatory rules and revisions to systems relating to money lending and social lending. - FY2017RestatedAnnual report
「The Group is working to strengthen its company-wide internal control framework, ensure compliance with laws and regulations and establish thorough compliance awareness, while striving to respond promptly to changes in relevant systems.」
The Company continues to address laws and self-regulatory rules relating to money lending and social lending and to reinforce compliance. - FY2016First statedAnnual report
「The Group is working to strengthen its company-wide internal control framework, ensure compliance with laws and regulations and establish thorough compliance awareness, while striving to respond promptly to changes in relevant systems.」
Responding to regulations under the Money Lending Business Act, the Financial Instruments and Exchange Act and other laws, as well as regulations imposed by self-regulatory organisations, is identified as a challenge.