The purpose of this Act is, in view of the fact that criminal proceeds are used to encourage organized crimes and, by being transferred and used in business activities, have a grave adverse effect on sound economic activities, and of the fact that the transfer of criminal proceeds makes it difficult to deprive offenders of them by confiscation, collection of equivalent value and other procedures, or to apply them to the recovery of damage caused by crimes, so that preventing the transfer of criminal proceeds (hereinafter referred to as "prevention of transfer of criminal proceeds") is extremely important, to achieve prevention of transfer of criminal proceeds by having specified business operators take measures such as verification of the identification data, etc. of customers, etc. (meaning the identification data prescribed in Article 4, paragraph (1), item (i); the same applies in Article 3, paragraph (1)), preservation of transaction records, etc., and notification of suspicious transactions, in conjunction with the measures under the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (Act No. 136 of 1999; hereinafter referred to as the "Organized Crime Punishment Act") and the Act Concerning Special Provisions for the Narcotics and Psychotropics Control Act, etc. and Other Matters for the Prevention of Activities Encouraging Illicit Conducts and Other Activities Involving Controlled Substances through International Cooperation (Act No. 94 of 1991; hereinafter referred to as the "Narcotics Special Provisions Act"), and also to ensure the precise implementation of international conventions and other instruments concerning the prevention of the financing of terrorism, thereby ensuring the safety and peace of national life and contributing to the sound development of economic activities.