Anti-social Forces". In addition, the LIAJ works with the police and other external specialized institutions, creates industry databases on anti-social forces, and takes other necessary steps.

## 5 Non-Life Insurance Industry

As for the non-life insurance industry, with a view to preventing money laundering and terrorist financing, verification of customer identity procedures regarding savings-type insurance or large cash transactions exposed to a high risk of money laundering and terrorist financing have been implemented since 1990. The General Insurance Association of Japan has acted on an industry-wide basis to draw up procedures related to customer identification as well as joint creation of posters for use in store locations. The Association has also compiled a letter to inform its agencies, which constitute the main channel for the sale of non-life insurance, of the issue.

In addition, in response to the revision of the Act on Prevention of Transfer of Criminal Proceeds, the Association has compiled and distributed a set of Administrative Reference Materials for the members, in order to facilitate uniform and comprehensive verification of transactions and preparation/preservation of verification records. Moreover, as part of an effort to help customers better understand the process, the Association has set up a special page on its website, targeting general consumers, as well as compiled leaflets to be handed out to customers, both detailing additional items to be verified when a customer makes a transaction.

As a measure to address the issue of anti-social forces, the “basic policy,” which specifies the industry’s efforts to sever relationships with anti-social forces, and “model articles of incorporation,” which include a clause for Boryokudan elimination, have been formulated and published on the website of the General Insurance Association of Japan.

## 6 Securities Industry

The securities industry has made efforts to eliminate members of Boryokudan and related persons from securities transactions and to promote anti-money laundering measures, including thorough verification of customer identity. 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 the "Securities Safety Liaison Committee Working-level Talks" in November 2006 to examine further measures to eliminate anti-social forces from the industry. In July 2007, "Elimination of Anti-social Forces from Securities Transactions and the Securities Market" was published as an interim report of the examination results of the abovementioned working-level talks. Likewise, in February 2008, the "Concept of Reporting 'Suspicious Transactions' among the Members" 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 organizations such as securities companies, the Japan Securities Dealers Association, the Stock Exchange, the Financial Bureau, Prefectural Police, the Prefectur-