Act on Prevention of Transfer of Criminal Proceeds

A specified business operator (limited to a specified business operator listed in Article 2, paragraph (2), items (i) through (xv) and item (xxxi); the same applies in the following Article) must, when concluding with a foreign-based exchange transaction operator (meaning a person that is located in a foreign country (meaning a country or region outside Japan; the same applies hereinafter) and engages in funds transfer transactions as a business; the same applies hereinafter) a contract the content of which is to carry out funds transfer transactions on an ongoing basis or repeatedly, verify the following matters concerning that foreign-based exchange transaction operator by the method specified by order of the competent ministry.

The foreign-based exchange transaction operator has established a system that conforms to the standards specified by order of the competent ministry as necessary for accurately carrying out measures equivalent to verification at the time of transaction, etc., including that it has placed the business offices and other facilities necessary for accurately carrying out measures equivalent to the measures under the provisions of Article 4, the preceding three Articles and the following Article (hereinafter in this item referred to as "measures equivalent to verification at the time of transaction, etc."), and a person who supervises and manages the implementation of measures equivalent to verification at the time of transaction, etc., in the country in which the foreign-based exchange transaction operator is located or in a foreign country other than that country, and that, with respect to the implementation of measures equivalent to verification at the time of transaction, etc., it is in a state of being under appropriate supervision by an authority of the country in which it is located or a foreign authority of that foreign country that performs duties equivalent to the duties of the administrative agencies prescribed in Articles 15 through 18 (referred to in the following item simply as "state of being under supervision");

The foreign-based exchange transaction operator has not concluded a contract the content of which is to carry out funds transfer transactions on an ongoing basis or repeatedly with a person that engages in funds transfer transactions as a business and that is not in a state of being under supervision.

When a specified business operator carries out with a customer a funds transfer transaction pertaining to a payment from Japan to a foreign country (excluding a country or region specified by Cabinet Order; the same applies hereinafter in this Article) (excluding one by a method specified by Cabinet Order, such as issuance of a check) and entrusts that payment to another specified business operator or a foreign-based exchange transaction operator (excluding one located in the country or region specified by Cabinet Order; the same applies hereinafter in this Article), it must do so by notifying them of the identification data on that customer and on the other party to that customer's payment and other matters specified by order of the competent ministry.

When a specified business operator has been entrusted or further entrusted with a payment from Japan to a foreign country upon receiving a notification from another specified business operator under the provisions of the preceding paragraph or this paragraph, and further entrusts that payment to another specified business operator or a foreign-based exchange transaction operator, it must do so by notifying them of the matters pertaining to that notification.

When a specified business operator has been entrusted or further entrusted with a payment from a foreign country to Japan or from a foreign country to another foreign country upon receiving a notification from a foreign-based exchange transaction operator under the provisions of foreign laws and regulations equivalent to the provisions of this Article, and further entrusts that payment to another specified business operator or a foreign-based exchange transaction operator, it must do so by notifying them of the matters pertaining to that notification (limited to those specified by order of the competent ministry).

When a specified business operator has further entrusted a payment from a foreign country to Japan or from a foreign country to another foreign country upon receiving a notification from another specified business operator under the provisions of the preceding paragraph or this paragraph, and further entrusts that payment to another specified business operator or a foreign-based exchange transaction operator, it must do so by notifying them of the matters pertaining to that notification (limited to those specified by order of the competent ministry).

The foreign-based electronic payment instruments service provider has established a system that conforms to the standards specified by order of the competent ministry as necessary for accurately carrying out measures equivalent to verification at the time of transaction, etc., including that it has placed the business offices and other facilities necessary for accurately carrying out measures equivalent to the measures under the provisions of Article 4, Articles 6 through 8 and the following Article (hereinafter in this item referred to as "measures equivalent to verification at the time of transaction, etc."), and a person who supervises and manages the implementation of measures equivalent to verification at the time of transaction, etc., in the country in which the foreign-based electronic payment instruments service provider is located or in a foreign country other than that country, and that, with respect to the implementation of measures equivalent to verification at the time of transaction, etc., it is in a state of being under appropriate supervision by an authority of the country in which it is located or a foreign authority of that foreign country that performs duties equivalent to the duties of the administrative agencies prescribed in Articles 15 through 18 (referred to in the following item simply as "state of being under supervision");

The foreign-based electronic payment instruments service provider has not concluded a contract the content of which is to carry out transfers of electronic payment instruments on an ongoing basis or repeatedly with a foreign-based electronic payment instruments service provider that is not in a state of being under supervision.