Japan Post Bank and Japan Post to review services such as international remittance, August 8 at 4:30
Japan Post Bank and Japan Post have reviewed some of their services, such as setting an upper limit for international remittances at the counter to strengthen so-called money laundering measures.
According to the announcement, Japan Post Bank and Japan Post will set an upper limit for remittances to foreign accounts accepted at the counter from October 1st, and will limit it to 5 million yen at a time.
In addition, we will narrow down the number of post offices that accept international remittances to reduce the number of post offices accepting international remittances from the current 3210 to 1194.
In addition, the upper limit of foreign currency exchange that can be purchased at one time was reduced from 2 million yen to around 100,000 yen in Japanese yen.
These reviews are intended to strengthen measures to prevent money laundering and terrorist funding that make money from crimes appear legitimate.
It has been pointed out that Japan's countermeasures for money laundering are delayed compared to major overseas countries, and major banks are urging to strengthen countermeasures recently.