Act on Prevention of Transfer of Criminal Proceeds


    Act on Prevention of Transfer of Criminal Proceeds

    The Japanese Act on Prevention of Transfer of Criminal Proceeds (Act No. 22 of 2007) (‘the Act’) establishes requirements for the prevention of the transfer of criminal proceeds, as well as ensures the appropriate enforcement of international treaties concerning the prevention of terrorist financing. 

    Last Updated: July 30, 2019

  • Requirements

    The Act outlines the following requirements for specified business operators conducting a specified transaction:  

    • verify customer identification;  
    • preserve customer identification records for seven years from the day on which the contract pertaining to a specified transaction is terminated;  
    • immediately prepare, where necessary, transaction records and records necessary for searching customer identification records; and 
    • promptly report to a competent administrative agency (if specified by a Cabinet Order) when property is accepted through specified business affairs and is suspected to have been from criminal proceeds or a customer is suspected to be involved in acts constituting a crime under Article 6 of the Anti-Drug Special Provisions of Organized Crime and not divulge that it intends to make such a report to the customer accused.  

    ‘Specified Business Operator’ is defined under Article 1(2) of the Act. 

  • How OneTrust Helps

    OneTrust Vendorpedia simplifies third-party risk management by combining automation with aggregated vendor research to streamline the vendor engagement lifecycle, from onboarding to offboarding. The platform helps organizations conduct faster and more in-depth security and privacy reviews. 

    Vendorpedia is backed by the world’s largest and most up-to-date database of privacy and security laws, frameworks, and standards, which directly power and enrich OneTrust Vendorpedia. Research is generated by 30 in-house security and privacy experts and a network of 500 lawyers across 300 jurisdictions. 

    For additional details on Vendorpedia, read more here. 

Want to learn more? Login to the full DataGuidance platform.

About OneTrust

OneTrust is the #1 most widely used privacy, security and third-party risk technology platform trusted by more than 3,000 companies to comply with the CCPA, GDPR, ISO27001 and hundreds of the world’s privacy and security laws. OneTrust's three primary offerings include OneTrust Privacy Management Software, OneTrust PreferenceChoice™ consent and preference management software, and OneTrust Vendorpedia™ third-party risk management software and vendor risk exchange. To learn more, visit or connect on LinkedIn, Twitter and Facebook.