# Act on Prevention of Transfer of Criminal Proceeds

(Act No. 22 of 31 March, 2007)

## Article 1 (Purpose)

In light of the fact that it is extremely important to prevent criminal proceeds from being transferred (hereinafter referred to as "prevention of the transfer of criminal proceeds") given the fact that criminal proceeds are likely to be used to encourage organized crime and, as a result of being transferred and used in business activities, to have serious adverse effects on sound economic activities, as well as the fact that the transfer of criminal proceeds is likely to make it difficult to divest the said criminal proceeds or to allot them to the recovery of damages resulting from crime through confiscation or collection of an equivalent value or by other procedures, the purpose of this Act is to prevent the transfer of criminal proceeds and to ensure the appropriate enforcement of international treaties, etc., concerning the prevention of terrorism financing, and, thereby, to ensure the safety and peace of national life and to contribute to the sound development of economic activities by way of devising such measures as the identification of customers, preservation of transaction records or the like, and reporting of suspicious transactions by specified business operator, coupled with other measures stipulated by the Act on the Punishment of Organized Crime, Control of Crime Proceeds and Matters (Act No. 136 of 1999; hereinafter referred to as the "Act on the Punishment of Organized Crime Organized Crime Punishment Act") and the Law Concerning Special Provisions for the Narcotics and Psychotropics Control Law, etc. and Other Matters for the Prevention of Activities Encouraging Illicit Conducts and Other Activities Involving Controlled Substances through International Cooperation (Act No. 94 of 1991; hereinafter referred to as the "Anti-Drug Special Provisions Law Act on Special Measures Concerning Narcotics, etc.").

## Article 2 (Definitions)

(1) The term "criminal proceeds" as used in this Act means criminal proceeds, etc. prescribed in Article 2, paragraph 4 of the Act on the Punishment of Organized Crime or drug-related criminal proceeds, etc. prescribed in Article 2, paragraph 5 of the Anti-Drug Special Provisions Law

(2) The term "specified business operator" as used in this Act means any of the following:

(ii) Shinkin bank

(iii) Federation of Shinkin banks

(iv) Labor bank

(v) Federation of labor banks

(vi) Credit cooperative

(vii) Federation of credit cooperatives

(viii) Agricultural cooperative

(ix) Federation of agricultural cooperatives

(x) Fishery cooperative

(xi) Federation of fishery cooperatives

(xii) Fishery processing cooperative

(xiii) Federation of fishery processing cooperatives

(xiv) Norinchukin Bank

(xv) Shokochukin Bank

(xiv) Insurance company

(xvii) Foreign insurance company, etc. prescribed in Article 2, paragraph 7 of the Insurance Business Act (Act No. 105 of 1995)

(xviii) Small-claims/short-term insurance business operator prescribed in Article 2, paragraph 18 of the Insurance Business Act

(xix) Federation of fishery cooperatives for mutual aid

(xx) Financial instruments business operator prescribed in Article 2, paragraph 9 of the Financial Instruments and Exchange Act (Act No. 25 of 1948)

(xxi) Securities finance company prescribed in Article 2, paragraph 30 of the Financial Instruments and Exchange Act

(xxii) Specially permitted business notifying person prescribed in Article 63, paragraph 3 of the Financial Instruments and Exchange Act

(xxiii) Trust company