Register and manage my number in account information Examining obligatory financial institutions May 22 9:10

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Regarding the My Number system, the government has obliged financial institutions to register and manage their My Number in the account information of all deposits and savings, and has begun to consider using it for money laundering measures.

The government and the ruling party are aiming to introduce a system that allows the desired number to register the transfer recipient's account by utilizing the My Number system so that benefits etc. can be promptly paid. It is our policy to save the information of the person who wants to use it for other benefits in the future, as well as to save the information of the applicant who has acquired the benefits.

Following this, the government has obliged financial institutions to register and manage their My Number in all deposit and savings account information, and has begun to consider using it for money laundering and terrorist financing.

Specifically, there is a proposal that a financial institution receives and manages the My Number from the account holder, and provides the necessary information when there is an inquiry necessary for investigating a case.

The government considers a system that requires the information to be provided only when necessary, such as in case investigations, so that the financial institution manages the account information so that there is no concern about comprehensively grasping the information on individual deposits and savings.

Also, it is said that there is a merit to individuals, such as being able to check the account of the person who died during inheritance without a passbook.

In the future, the government will proceed with a concrete system design and submit a bill to amend the law necessary for the ordinary Diet session next year.