Anti-Money Laundering (AML) – Countering the Finance of Terrorism (CFT)

Japanese FSA has issued several guidelines over the past 18 months to ensure the local asset management industry reaches global standard immediately, even before the change of law, on AML-CFT (including due diligence to distributors, to external managers, screening of securities portfolios). The EBC Asset Management committee issued a statement to JITA in April 2019 to ensure AML questionnaires (such as Wolfsberg questionnaires) could be posted on the website of each financial institution (such as fund distributors) or in a digital library managed by the respective industry associations to facilitate the process of due diligence.


  • There are still on-going discussions about what should be the format of Due Diligence Questionnaires (DDQs) for fund distributors; leadership on this topic is expected from Japan Securities Dealers Association (JSDA) and banking industry associations.