The Financial Action Task Force’s Fourth Mutual Evaluation Report of Japan: A Review and Way ForwardFinance Law Newsletter
The Financial Action Task Force (“FATF”) is an intergovernmental organization that develops standards for anti-money laundering (“AML”) and combating the financing of terrorism and weapons proliferation (“CFT”) (collectively, the “Recommendations” ) upon which participating countries are to base consistent measures (“Measures”). Periodically, FATF evaluates such countries to ascertain their Measures’ compliance with the Recommendations and effectiveness. On 30 August 2021, amid its fourth mutual evaluation of participating countries and for the first time in nearly a decade, FATF announced the publication of evaluation outcomes for Japan, based on (inter alia) on-site interviews conducted in 2019 (the “Report”). In the Report, FATF concludes that Japan shall be subject to ...To read the full article, please see the PDF file
*September 15, 2021 Made some minor corrections.