In connection with the recent globalization of Japanese companies' activities, it has become increasingly necessary to consider compliance by including overseas subsidiaries and affiliates. As the situations in overseas countries vary widely, there exist some countries where the discretion of governmental authorities is great, and laws and regulations are unclear. In some countries the penalties for breaches of laws and regulations are more severe than in Japan. It is indispensable for a company to appropriately understand the situation of each jurisdiction where the subsidiaries and affiliates are located, and obtain an accurate understanding of the applicable laws and regulations of such jurisdictions. Moreover, it is not uncommon for employees of Japanese companies to be arrested unexpectedly for breaches of laws they are unaware of. N&A, by collaborating with foreign firms, if necessary, provides comprehensive advice regarding the creation of a global compliance structure.
The FATF's Fourth Mutual Evaluation of the AML/CFT Measures will finally take place in Japan starting from the spring of 2019Articles
Client Alert (Further Update: Effective March 1, 2016): Proposed Stricter Requirements on QII-targeted Business Exemption in Japan - Detailed Regulations Promulgated by Relevant Authorities (February 2016)Finance Law Newsletter
Client Alert (New Update with Details): Proposed Stricter Requirements on QII-targeted Business Exemption in Japan - Draft Detailed Regulations Published by the Financial Services Agency (January 2016)Finance Law Newsletter
Client Alert: Proposed Stricter Requirements on QII-targeted Business Exemption in Japan (April 2015)Finance Law Newsletter
Client Alert: 3 Month Grace Period was provided for GPs that have already filed notification (February 2012)Finance Law Newsletter