JapanThe Japan Financial Intelligence Center published its annual report, highlighting regulatory developments in the fight against money laundering and terrorist financing.
The G7 finance ministers and central bank governors issued a communiqué outlining a shared commitment to deeper multilateral economic cooperation, including support for a global minimum tax of at least 15 percent and the implementation Financial Action Task Force Standards.
U.S. prosecutors seize cryptocurrency at Brazil’s behest, Japan sees spike in STRs flagging digital money transmitters, and more, in the weekly roundup.
Norway flags deficiencies in Danske Bank’s AML program, U.K. seizes Lloyds Bank account linked to ‘Ndrangheta, and more, in the weekly roundup.
The Japanese Financial Services Authority announced the action against the Tokyo-based bank holding company for its failure to ensure sound and appropriate business operations.
Japan’s financial regulator issued an administrative action against the bank for its violations of local laws in foreign countries by expatriate staff and locally hired managers.
| Technical | Effectiveness |
|---|---|
| Compliant : 4 | High : |
| Largely Compliant : 20 | Substantial : |
| Partially Compliant : 14 | Moderate : |
| Non-Compliant : 10 | Low : |
| Not-Applicable : 1 |
| Rank : 69/141 |
| Score : 5.16/10 |
| Rank : 20/180 |
| Score : 73/100 |
| Rank : 16/133 |
| Score : 66/100 |