Japanese
June 25, 2025
Financial Services Agency

Publication of the finalized "the Partial Amendment to the Designation of a country or region under Articles 17-2 and 17-3 of the Order for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds" after public consultation

The Financial Service Agency finalized "the Partial Amendment to the Designation of a country or region under Articles 17-2 and 17-3 of the Order for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds, etc." after public consultation.

Summary

Japan has imposed notification obligations (i.e. travel rule) on Cryptoasset Exchange Service Providers and Electronic Payment Instrument Exchange Service Providers (hereinafter collectively referred to as “VASPs”) to submit information on originators and beneficiaries at the time of transfer of cryptoassets (“VAs”)/electronic payment instruments (i.e. stablecoins, “SCs”) to make it possible to track the transaction routes of VAs/SCs.

Given the ineffectiveness of the regulation where relevant requirements in the legal system of the counterparty country or region (i.e.jurisdiction) is not in place, Japan has limited the scope of the travel rule to transfers to foreign VASPs located in jurisdictions that have regulations equivalent to the travel rule requirements in Japan.

In light of the implementation status of travel rules in each jurisdiction, Japan adds Thirty jurisdictions to the scope of the requirements (see the Attachment for details). Information on the Travel Rule requirements in Japan is also available here.

The finalized amendment will take effect on August 1, 2025.

Contact

Research Office, Planning and Management Division, Policy and Markets Bureau, Financial Services Agency

Tel: +81-(3)3506-6000