With financial services now globalized, countries around the world have to coordinate with each other to prevent money laundering and terrorist financing. Their AML/CFT regimes are evaluated by the Financial Action Task Force (FATF), an international organization. If a country were to fail an FATF evaluation, its international reputation would be tarnished. We spoke to Hiroshi Ozaki, Director of the Japanese FSA’s ALM/CFT Policy Office, about what Japanese financial institutions’ immediate priorities should be.
Risk-based approach to AML/CFT - Interview with Hiroshi Ozaki by Ryuichi Matsushita -