IMF Staff Country Reports

Japan: Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Publication Date:

July 2, 2004

Electronic Access:

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Summary:

This Report reviews the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Japan. The assessment reveals that Japan has made good progress in bringing its regime for AML/CFT into compliance with international standards. A comprehensive legal and institutional framework is in place, and Japan has achieved a good level of compliance with the FATF 40+8 Recommendations. However, some weakness is noted in the area of international cooperation, and the supervision of AML/CFT compliance for postal banks.

Series:

Country Report No. 2004/187

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Financial sector policy and analysis Financial stability assessment Legal support in revenue administration Money laundering Revenue administration Terrorism financing