Cost burden of addressing increasingly sophisticated financial crime
First written in FY2017-Q3. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Group Financial Crime Countermeasures Committee consists of the President and Representative Director, 3 directors designated by the President and Representative Director, and 8 executive officers, as of the date of filing of the Securities Report. It discusses policies for anti-money laundering and countering the financing of terrorism (AML/CFT) across the group and monitors and advises on AML/CFT initiatives at group companies.」
The response to financial crime has been made more specific, moving from operations based on basic policies and an overseeing department to policy discussions, monitoring of initiatives and advice by the Group Financial Crime Countermeasures Committee. - FY2022RestatedAnnual report
「Our group regards measures to prevent money laundering and related activities as one of its most important management priorities and is working to further strengthen these measures based on its basic policy.」
Financial crime response remains a top management priority, with measures continuously strengthened based on the basic policy. - FY2021RestatedAnnual report
「Our group regards measures to prevent money laundering and related activities as one of its most important management priorities and is working to further strengthen these measures based on its basic policy.」
Financial crime response remains a top management priority, with measures continuously strengthened by the Group Financial Crime Countermeasures Office based on the basic policy. - FY2019AdvancedAnnual report
「We have established the Group Financial Crime Countermeasures Office as the department overseeing our group, and have formulated policies for measures and governance concerning the prevention of money laundering and terrorist financing under the Basic Policy on Measures to Prevent Money Laundering and Terrorist Financing.」
The response to financial crime has been made more specific, moving from general statements on strengthening security to operations supported by a dedicated department and basic policies on money laundering prevention and related matters. - FY2017RestatedAnnual report
「We are taking steps to strengthen security in order to prevent losses caused by financial crime. However, if increasingly sophisticated financial crime results in the need to compensate affected customers or incur costs related to new preventive measures, the expense burden may increase.」
Reiterates the risk of increasingly sophisticated financial crime and the associated response costs. - FY2017-Q3First statedAnnual report
「In light of these circumstances, our group is taking steps to strengthen security in order to prevent financial crime from causing losses. However, if increasingly sophisticated financial crime results in the need to compensate affected customers or incur costs related to new preventive measures, the expense burden may increase, potentially adversely affecting the financial condition and results of operations of our group.」
The response to counterfeit and stolen cards, bank transfer fraud and unauthorized withdrawals targeting internet banking, as well as the associated cost burden, is identified.