Regulation of remittance under the “Foreign Exchange and Foreign Trade Act“
To ensure compliance with the economic sanctions outlined in the “Foreign Exchange and Foreign Trade Act,” we confirm that our customers' overseas remittance transactions do not fall under the regulations set forth by this law, as specified in Article 17.
When applying for the international money transfer service, please confirm that you are not subject to any applicable regulations under the Foreign Exchange and Foreign Trade Act. The key regulations are outlined as follows:
Additionally, we may request documents that provide transaction details for confirmation.
We appreciate your understanding and cooperation.
Major regulations on transactions, etc. under foreign exchange-related laws (extract)
1. Regulations on transactions with parties subject to asset freezes or other economic sanctions
- -Payment to or from parties subject to asset freezes or other economic sanctions designated under the Foreign Exchange and Foreign Trade Act, such as terrorists (including payment to or from an organization in which 50% or more of the total number of shares or total amount of contributions is directly held by a specific sanctioned party in Russia or Belarus)
2. Regulations related to North Korea and Iran
- (1)Transactions intended to contribute to the nuclear activities, etc. of North Korea or Iran
- (2)- Transactions of import or intermediate trade of all goods for which the place of origin or place of shipment is North Korea
- Transactions of intermediate trade for which the destination is North Korea - (3)Prohibition of payment to an individual who has domicile or residence in North Korea or a corporation, etc. that has a principal office in North Korea, except for payment for humanitarian purposes in an amount not exceeding 100,000 yen
3. Regulations related to Russia and Belarus
- (1)- New foreign direct investment in Russia (*)
- Payment of funds for business activities conducted in Russia and payment of funds for business activities conducted outside Russia in which Russian companies, etc. are involved
(*) Acquisition of 10% or more of shares or contributions in a foreign corporation, or provision of monetary loans for a period exceeding one year to a foreign corporation in which one holds 10% or more of shares or contributions (including amendments to conditions, such as increase of amount) - (2)- Transactions of import or export with Russia, Belarus, etc.
- Transactions of import or export for which the place of origin or place of shipment is the Donetsk People's Republic (self-designation) or the Luhansk People's Republic (self-designation) - (3)Prohibition of service transactions (provision of technology, etc.) regarding regulated transactions with Russia or Belarus
- (4)Prohibition of transactions with claims arising therefrom under a monetary loan contract or debt guarantee contract related to a purchase of Russian crude oil, etc. transported by sea and traded at prices above the price cap (effective as of December 5, 2022, for crude oil, and February 6, 2023, for petroleum products)
- *For the details of the latest regulations, please refer to information on the websites of the Ministry of Finance and the Ministry of Economy, Trade and Industry of Japan.(Japanese page only)
Ministry of Finance: 経済制裁措置及び許可手続 : 財務省
Ministry of Economy, Trade and Industry: 制裁関連(METI/経済産業省)