Japan fails in anti-money laundering and terror financing

Smaller banks, gold dealers and lawyers have low risk awareness, watchdog says

20210830N Gold

Gold bars are displayed by a dealer in Tokyo's Ginza district. © Reuters

KENICHI ONOZAWA, Nikkei staff writer

TOKYO -- Japan's safeguards against money laundering contain holes that can be exploited by criminal organizations and terrorist groups, an international watchdog warned Monday.

The Financial Action Task Force (FATF) has placed Japan in the "enhanced follow-up" classification, which essentially denotes a failing grade.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.