Japan watchdog and BOJ to assess banks on anti-money laundering

Global task force to cite regional lenders for inadequate ID verification

20210714FSA

The BOJ will assist Japan's Financial Services Agency in assessing banks' efforts to stymie money laundering. (Photo by Akira Kodaka and Mamoru Yago)

Nikkei staff writers

TOKYO -- Japan's financial regulator and central bank will launch a sweeping investigation into how well anti-money laundering measures work at regional banks and other local financial institutions, Nikkei has learned.

The probe, which comes amid a spate of fraudulent money transfers in the country, could get underway this summer.

Sponsored Content

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