# History of Anti-Money Laundering Measures

Global Events	Events in Japan
December 1988	Adoption of "UN New Narcotics Convention" (Criminalization of money laundering activities related to illegal proceeds derived from drug crimes .)	June 1990
July 1989	Arch Summit (Establishment of the FATF (Financial Action Task Force on Money Laundering))	Notices issued on the requirement of customer identification etc. (by the Director-General of the Banking Bureau, Ministry of Finance etc.)
April 1990	FATF issued "the 40 Recommendations" - Customer identification by financial institutions - Reporting of suspicious transactions to financial regulatory authorities	July 1992
June 1996	FATF revised "the 40 Recommendations" - Extending the scope of predicate offences to serious crimes became compulsory.	Enforcement of "the Anti-Drug Special Provisions Law" (Creation of the "Suspicious transaction report" system relating to drug crime proceeds)
May 1998	Birmingham Summit (Agreement on establishment of FIU)	February 2000
September 2001	Terrorist attacks in the US	Enforcement of "the Act on the Punishment of Organized Crimes" (Extension of the scope of predicate offences to certain serious crimes, establishment of the Japan FIU, etc.)
October 2001	FATF issued "Special Recommendations on terrorist financing" - Criminalization of terrorist financing, Reporting of suspicious transactions related to terrorism.	July 2002
June 2003	FATF re-revised "the 40 Recommendations" -Application of recommendations to non-financial businesses (real estate agents, dealers in precious metals, dealers in precious stones, etc.) and professionals (lawyers, accountants, etc.)	With the enforcement of "the Act on Punishment of Financing to Offences of Public Intimidation" and "the revised Act on Punishment of Organized Crimes", terrorist financing offence was added to predicate offences.
January 2003
Enforcement of "the Customer Identification Act" (Obligation of identification of customers, etc. by financial institutions, etc. is legislated.)
December 2004
"The Headquarters for the Promotion of Measures Against Transnational Organized Crime and International Terrorism" decided on "the Action Plan for Prevention of Terrorism".
November 2005
"The Headquarters for the Promotion of Measures Against Transnational Organized Crime and International Terrorism" decided on "the Development of laws for implementation of the FATF Recommendations"
March 2007
Adoption of "the Act on Prevention of Transfer of Criminal Proceeds"
April 2007
Partial enforcement of the Act on Prevention of Transfer of Criminal Proceeds
Transfer of the function of FIU (from the Financial Services Agency to the National Public Safety Commission / the National Police Agency)
March 2008
Enforcement of the customer identification obligation etc. to non-financial business operators etc.
April 2010
Amendments of "the Act on Prevention of Transfer of Criminal Proceeds" (addition of funds transfer companies as specified business operators etc.)
April 2011
Enactment of the amended Act on Prevention of Transfer of Criminal Proceeds (addition of call forwarding service providers to specified business operators, addition of matters to be confirmed when engaging in a transaction, increase in the penalties on illicit transfer of savings passbooks etc.)
May 2011
Partial enforcement of the amended Act on Prevention of Transfer of Criminal Proceeds (increase in the penalties on illicit transfer of savings passbooks etc.)