Anti-Money Laundering

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Anti-Money Laundering Policy

Since the threat of international terrorism has been growing and fund transfers by criminal groups and terrorists have been spreading throughout the world, the financial institutions are strongly required to prevent money laundering and financing of terrorism all over the world.

The Juroku Financial Group and its consolidated subsidiaries (the Group) hereby states the following basic policy for Anti‐Money Laundering and Countering Financing of Terrorism( AML/CFT).

  1. Risk Management System

    The Group gives the highest priority in management to AML/CFT and establishes and upgrades the effective AML/CFT system.

  2. Risk‐based approach

    The Group has formulates the risk evaluation documents to identify and evaluate the risk of money laundering and financing of terrorism which the Group faces and to take individual measures to reduce the risk.

  3. Customer Due Diligence

    The Group performs Verification at the Time of Transaction in a timely and appropriate manner and takes various measures. The Group also periodically reviews, investigates and analyzes customer information and transaction details, and reevaluates the measures.

  4. Report of suspicious transactions

    The Group promptly reports suspicious customers and transactions to the authorities when the Group detects those customers and transactions by reports from branches or through monitoring at headquarters.

  5. Management policy for correspondent banks

    The Group aims to collect sufficient information related to correspondent banks in order to evaluate them and implement appropriate measures to mitigate any risks of money laundering and financing of terrorism.
    The Group never makes any deals and transactions with shell banks.

  6. Employee training

    The Group continually conducts training programs for all executives and employees and those by level. With these training programs, the Group has them deepen their knowledge and understanding as for AML/CFT policies and enhance their expertise and compatibility corresponding to their roles.

  7. Internal auditing of compliance

    The Internal Audit Division, which is in an independent position, conducts internal audits to monitor the status of compliance with AML/CFT policies periodically and as necessary. Based on the results of these audits, the Group aims to strengthen or improve the system.