Once a bank or other prescribed financial institution has verified a person's identity, it must immediately prepare a record of the identifying information and other information that Ministry of Finance Order prescribes as information related to the verification of a person's identity (referred to as an "identity verification record" in the following paragraph) by the means prescribed by Ministry of Finance Order.
A bank or other prescribed financial institution must preserve an identity verification record for seven years after the day on which the specified funds transfer transaction is completed or any other such date prescribed by Ministry of Finance Order.
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bank or other prescribed financial institutionmachine translation
「銀行等」
A bank (銀行) or another financial institution a Cabinet Order (政令) specifies.
Short name set inArticle 16-2, paragraph (1)
identifying information
「本人特定事項」
The details a bank or other prescribed financial institution (銀行等) must verify about a customer: for a natural person, name, domicile or residence and date of birth — for a foreign national without a domicile or residence in Japan of a kind a Cabinet Order (政令) specifies, the matters a Ministry of Finance Order (財務省令) sets in place of domicile or residence — and for a corporation, its name and the location of its principal office.
Short name set inArticle 18, paragraph (1)
verifying a person's identity
「本人確認」
A bank or other prescribed financial institution's (銀行等) check of a customer's identifying information (本人特定事項) by having a driver's licence shown or by another method a Ministry of Finance Order (財務省令) sets.
Short name set inArticle 18, paragraph (1)
specified funds transfer transactioncorrected by this site
「特定為替取引」
A funds transfer transaction (為替取引) a bank or other prescribed financial institution (銀行等) carries out for a customer's payment from Japan to a foreign country or for a payment between the customer and a non-resident (unless the customer is itself a non-resident), other than one for a small payment of a kind a Cabinet Order (政令) sets.
Short name set inArticle 18, paragraph (1)
identity verification record
「本人確認記録」
In Article 18-3, paragraph (2), the record of a customer's identifying information (本人特定事項) and other matters relating to verifying a person's identity that a Ministry of Finance Order (財務省令) sets, which a bank or other prescribed financial institution (銀行等) must make immediately after verifying a person's identity.
Short name set inArticle 18-3, paragraph (1)· applies only in this provision and in Article 18-3, paragraph (2)