Confirmation of Customers’ Permitted Period of Stay in Japan
In recent years, anti-money laundering and counter-terrorist financing measures have become increasingly important.
In line with the Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism, which was announced by the Financial Services Agency in February 2018, we, Shinsei Bank, are already taking measures to combat increasingly complex money laundering and terrorist financing schemes. As a specific example of this, we currently request at our branches, call centers, or by post, etc. that both existing and new customers provide additional information such as transaction purposes, personal information, etc. relating to transaction details or history.
Furthermore, as a part of the above mentioned measures, as announced on our website on March 7, Article 10 of the Common Customer Agreement on PowerFlex Transaction will be revised effective April 8, 2019. Subsequently, foreign residents will be required to notify the Bank of any change or extension of their permitted period of stay in Japan.
Customers will receive a confirmation letter to update their period of stay before it expires. Please reply by the date the Bank specifies. If the Bank does not receive a reply by the date specified, transactions may be limited or the account may be canceled.
We appreciate your understanding and cooperation.