the financial institutions, the National Police Agency in coordination with related governmental agencies, requested them to pay special attention to asset transfers related to North Korea, and to work on the thorough implementation of the fulfillment of customer identification obligation and suspicious transaction reporting obligation based on the Act for the Prevention of Transfer of Criminal Proceeds. Besides, in response to the adoption of a resolution at the United Nations Security Council No. 1929 in June 2010, measures to freeze assets of those connected to nuclear activities, etc., in Iran were to be carried out in August and September of the same year respectively, so the National Police Agency made the same request to the financial agencies.

## Paragraph3 Efforts of Specified Business Operators

## 1 Efforts of Banking Industry

The "Japanese Bankers Association" (hereinafter referred to as "JBA"), of which most of the banks operating in Japan are members, established the "Working Committee on Money Laundering Issues" within JBA in 1990 and, since then, has been taking anti-money laundering and combating the financing of terrorism (AML/CFT) measures, such as preparing and providing notices on items to keep in mind regarding the procedures of customer identification and suspicious transaction reporting, preparing and distributing seminar handbooks to its members, giving seminars for its members, and so on.

Furthermore, JBA prepares leaflets, posters or the like to be provided to customers regarding customer identification procedure, etc. In addition, JBA is promoting organizational measures on issues related to money laundering and terrorist financing inside and outside of Japan by following, at all times, the development of AML and CFT measures at FATF, exchanging and sharing of information constantly with foreign bankers associations or the like, making responses to FATF mutual evaluations of Japan, and so forth. As an example of JBA playing a leading part in the efforts of the banking industry, it incorporated provisions on compliance including money laundering prevention and confrontation with antisocial forces into the JBA "Code of Conduct," (revised in November, 2005), and prompted its members to put such into practice.

## 2 Efforts of Securities Industry

The securities industry has made efforts to eliminate Boryokudan, from securities transactions and to promote anti-money laundering measures.

The Japan Securities Dealers Association and each stock exchange, together with relevant authorities including the Financial Services Agency and the National Police Agency, established the “Securities Safety Liaison Committee” and “Securities Safety Liaison Committee Working-level Conference” in November 2006 to examine further measures to eliminate the Boryokudan from the industry. In July, 2007, “Elimination of Antisocial Forces from Securities Transactions and the Securities Market” was published as an interim report of the examination results of above mentioned working-level conference. Likewise, in February 2008, the “Concept of Reporting Suspicious Transactions” was summarized to ensure effective reporting, clarifying the need to further strengthen countermeasures against money laundering, such as the prompt reporting of suspicious transactions.

Moreover, relevant organization such as securities companies, the Japan Securities Dealers Association, Stock Exchange, Financial Bureau, Prefectural Police, the prefectural Center for Elimination of Boryokudan and the Bar Association established the “Securities Police Liaison Council” in each prefecture, and have improved the effectiveness of the elimination of the Boryokudan from the industry and of the prevention of money laundering, through information exchange of the field level and seminars.