Risk of increasingly sophisticated and diverse financial crime outpacing countermeasures
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2024Specific sanctions and reputational consequences arising from deficiencies in anti-money laundering measuresAnnual report
「However, if we fail to comply with laws and regulations, we may be subject to fines, administrative monetary penalties, disciplinary action, reputational damage, business improvement orders or business suspension orders. These measures could also expose us to reputational risk and adversely affect our results of operations and financial position if we lose the trust of customers, the market or others.」
In addition to the existing risk that increasingly sophisticated financial crime could outpace countermeasures, specific consequences of deficiencies in anti-money laundering measures were identified, including fines, administrative sanctions, business suspension orders and loss of trust among customers and in the market. - FY2023RestatedAnnual report
「Through cross-functional governance, including proactive involvement by management, we have established the Money Laundering Prevention Committee to continuously develop and strengthen our framework for addressing money laundering and are taking further steps to strengthen our measures.」
The company reaffirmed management involvement, the cross-functional Money Laundering Prevention Committee and continuous enhancement of the framework. - FY2022AdvancedAnnual report
「We have established the Money Laundering Prevention Committee and are taking further steps to strengthen our measures, with the aim of continuously developing and enhancing our framework for addressing money laundering through cross-functional governance, including proactive involvement by management.」
The response to financial crime risk was organized as cross-functional governance through the Money Laundering Prevention Committee, explicitly providing for proactive management involvement and continuous enhancement of the framework. - FY2020AdvancedAnnual report
「We have established the AML Management Subcommittee and are taking further steps to strengthen our measures, with the aim of continuously enhancing our response to money laundering through cross-functional governance, including active involvement by management.」
To address financial crime risk, the AML Management Subcommittee was established as part of cross-functional governance involving management, and measures are being strengthened. - FY2019First statedAnnual report
「We are working to strengthen measures against money laundering and terrorist financing, as well as security measures, to prevent losses caused by financial crime. However, if increasingly sophisticated and diverse criminal methods temporarily outpace our countermeasures, our business operations, results of operations and financial position could be adversely affected by compensation for affected customers and costs associated with additional measures.」
Financial crime, money laundering, terrorist financing and security measures have been explicitly identified as separate risk items for the first time.