With the recent advancements in financial technology (fintech) integrated with IT, financial services have become remarkably convenient and accessible. Financial institutions and service providers now enable transactions and international fund transfers anytime and anywhere through various service channels. However, these advancements have also led to increased threats to the financial system, including phishing, identity fraud, crime solicitation via social media, and attacks on cryptocurrency-related businesses by state-sponsored cyberattack groups.

Our company provides comprehensive support for anti-money laundering (AML), counter-financing of terrorism (CFT), and counter-proliferation finance (CPF) measures to financial institutions. Specifically, we assist in policy formulation, organizational structure development, risk identification and assessment, creation of risk assessment documents, and preparation of procedures and manuals for customer management, transaction monitoring, and filtering. We also address operational challenges and develop checklists for internal audit departments, offering total support for these initiatives.

Additionally, we contribute to the sound operation of the country's financial functions by supporting policy formulation through numerous commissioned research and studies for domestic and international government agencies on related themes.

In risk identification and assessment, we consider FATF reports and national risk assessment results, supporting comprehensive verification based on the products and services offered by financial institutions, transaction types, countries and regions involved, and customer attributes, culminating in the creation of risk assessment documents. For risk mitigation strategies, we evaluate transaction monitoring, filtering, customer risk assessment, regular updates of customer information, and threat environment analysis leveraging our cybersecurity expertise. We also examine verification methods and user interface considerations.

In governance structure development, we analyze the desired state and current gaps based on regulations and guidelines, considering organizational culture, human resources, and operational characteristics to ensure feasibility. Additionally, we provide comprehensive consulting functions, including creating relevant regulations and internal audit checklists for the three lines of defense, which are highly demanded by authorities.

• Compliance with FATF recommendations and AML guidelines
• Comprehensive risk identification and assessment considering the threat environment
• Integrated enhancement of AML measures, fraud prevention, and cybersecurity

• Support for AML Framework Establishment and Enhancement (Major Banks, Major Money Transfer Operators)
• Regulatory Framework Support for Industry-Wide AML Measures (Financial Industry Associations)
• Advisory on eKYC and Biometric Authentication Enhancements (Major Banks)
• Proliferation Finance Risk Assessment Research (Central Government Agencies)
• Risk Assessment Research for NPOs (Central Government Agencies)

• Nikkei BP 2022: Financial DX Strategy Report (Chapter 7: AML)
• Kindai Sales Co. 2022: In-Depth Explanation! AML/CFT Measures
• Nikkei FinTech 2021.10.29: FinTech Camp Key Points on AML/CFT Measures