To address the issue of anti-social forces, the Association has devised a directive entitled "Guidelines for Coping with Anti-social Forces in the Life Insurance Industry." With a view to dissolving insurance contracts of parties found to be anti-social forces or that are engaged with anti-social forces in a manner unacceptable to society, the Association has compiled reference material for member companies entitled "Insurance Contract Rules and Regulations Regarding Anti-social Forces". In addition, the Association works with the police and other external specialized institutions, creates industry databases on anti-social forces, and takes other necessary steps.

## 5 Efforts of Non-Life Insurance Industry

As for the non-life insurance industry, with a view to preventing money laundering, verification of customer identity procedures regarding savings-type insurance or large cash transactions exposed to a high risk of money laundering 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, the revised Act on Prevention of Transfer of Criminal Proceeds (to be enforced in April 2013), involves significant revision including additional items to be verified at the time of specified transactions. In response to these changes, the Associaton has compiled a set of Administrative Reference Materials 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, as well as compiled leaflets to be handed out to customers, both detailing additional items to be verified when a customer makes a transaction.

## 6 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 the "Securities Safety Liaison Committee Working-level Talks" in November 2006 to examine further measures to eliminate Boryokudan 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” 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