Risk of Deficiencies in Anti-Money Laundering and Counter-Terrorist Financing Frameworks
First written in FY2021. 3 of 6 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「To enhance anti-money laundering and counter-terrorist financing frameworks in Japan and overseas, our group is implementing various measures in response to AML/CFT guidelines requested by Japanese financial regulators, including stricter screening when opening corporate accounts and regular reviews of customers' transaction status.」
In addition to stricter screening for corporate account openings, the disclosure identified regular reviews of customers' transaction status as a countermeasure. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes or newly arising risks from those described in the annual securities report for the previous fiscal year regarding business and other risks that could materially affect investors' decisions.」
The disclosure reconfirms that there have been no significant changes or new risks from the prior year's disclosure concerning the risk of deficiencies in anti-money laundering and counter-terrorist financing frameworks. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no material changes or newly arising risks from those described in the annual securities report for the previous fiscal year regarding business and other risks that could materially affect investors' decisions.」
The disclosure reconfirms that there have been no significant changes or new risks from the prior year's disclosure concerning the risk of deficiencies in anti-money laundering and counter-terrorist financing frameworks. - FY2022MitigatedAnnual report
「To enhance anti-money laundering and counter-terrorist financing frameworks in Japan and overseas, our group is implementing various measures, including stricter screening when opening corporate accounts and consolidating locations handling overseas remittances. At the same time, we are participating in the TSUBASA Alliance, which has advanced and practical AML/CFT initiatives, to gather information and expertise.」
The disclosure identified stricter screening, consolidation of locations handling overseas remittances, and the collection of information and expertise through the TSUBASA Alliance as countermeasures. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no material changes or newly arising risks from those described in the annual securities report for the previous fiscal year regarding business and other risks that could materially affect investors' decisions.」
The disclosure states that there have been no significant changes or new risks from the prior year's disclosure concerning the risk of deficiencies in anti-money laundering and counter-terrorist financing frameworks. - FY2021First statedAnnual report
「If enhanced anti-money laundering and counter-terrorist financing frameworks fail to function effectively and violations of laws or regulations occur, this could affect the operations, business performance and financial condition of our group through administrative actions such as business suspension and fines, as well as damage to the reputation of our group.」
Against a backdrop of increasingly diverse and sophisticated financial crime and rising standards imposed by financial regulators, the disclosure identified stricter screening when opening corporate accounts and the consolidation of locations handling overseas remittances as countermeasures.