In recent years the international banking community and the Financial Action Task Force (FATF) have put Japan under considerable pressure to review and strengthen anti-money laundering and counter-financing of terrorism regulation. With the introduction of the Act on Prevention of Criminal Proceeds in 2016, the Japanese government has responded, and regulated firms are now under pressure to comply with these increase requirements.
The technology offered by encompass automates and streamlines the know your customer (KYC) process and allows Japanese financial institutions to confidently meet these increased requirements.
As part of our new partnership with Nikkei we now offer Japanese firms valuable news and corporate data, that allows them to better identify potential risk in their customer base. Nikkei will also act as our reseller in Japan allowing us to offer consistently high levels of service to our local customers.