Since the 2021 assessment of Japan’s measures to tackle money laundering and terrorist financing and the 2022 and 2023 Follow-Ups, the country has taken a number of actions to strengthen its framework.
In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since their mutual evaluation.
Consequently, to reflect Japan’s progress, the FATF has now re-rated the country on 6 Recommendations:
- Recommendation 7 is re-rated from partially compliant to largely compliant
- Recommendation 8 is re-rated from partially compliant to largely compliant
- Recommendation 12 is re-rated from partially compliant to largely compliant
- Recommendation 22 is re-rated from partially compliant to largely compliant
- Recommendation 23 is re-rated from partially compliant to largely compliant
- Recommendation 25 is re-rated from partially compliant to largely compliant
Today, Japan is compliant on 4 Recommendations and largely compliant on 35. The country has no Recommendations rated partially compliant.
Japan will next report back on remaining deficiencies in its 5th round mutual evaluation.
From FATF –> Full article and more
