Article 18-2Exemption of Banks and Other Prescribed Financial Institutions from Performance of Obligations
第十八条の二(銀行等の免責)
If a customer or a representative or other responsible party does not comply with an identity verification when conducting a specified funds transfer transaction, a bank or other prescribed financial institution may refuse to perform its obligation in the specified funds transfer transaction until the customer or the representative or other responsible party complies with this.
Read this with the articles around it
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)
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)
representative or other responsible party
「代表者等」
In Articles 18 and 18-2, the natural person actually handling a specified funds transfer transaction (特定為替取引) with a bank or other prescribed financial institution (銀行等) where that person is not the customer itself, as when a company's representative carries out the transaction for the company.
Short name set inArticle 18, paragraph (2)· applies only in this article and in Article 18-2