Mr. Yoshio Horimoto, Managing Director, Promontory Financial Group
Mr. Masayuki Watanabe, Partner, Miyake & Partners
The National Police Agency (NPA) has undertaken to strengthen AML regulations in Japan to meet the global standards set by the Financial Action Task Force (FATF). In this regard, amendments to the Act on Prevention of Transfer of Criminal Proceeds were passed by the Diet in 2011. Mr. Horimoto and Mr. Watanabe discussed the regulations, currently being drafted by the authorities, to implement the amended law.