Japan's Financial Services Agency Focuses on Effective Validation of AML/CFT Frameworks
Japan’s Financial Services Agency (FSA) has put a spotlight on the importance of continuously validating the effectiveness of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks within financial institutions (FIs). The agency’s latest publication comes with a crucial message that AML/CFT framework are only as strong as its ongoing evaluation.