Compliance for Payment Services in Japan

• An understanding of payment service operations in Japan

Audience

• Payment service managers
• Persons in charge of compliance within a payment service organization

In Japan, payments services are regulated by two separate pieces of legislation:

• Instalment Sales Act
• Payment Services Act

This instructor-led, live training (online or onsite) is aimed at payment services compliance professionals who wish to create, implement, and enforce a compliance program within an organization.

By the end of this training, participants will be able to:

• Understand the rules set forth by government regulators for payment service providers.
• Create the internal policies and procedures needed to satisfy government regulations.
• Implement a compliance program that adheres to relevant laws.
• Ensures that all corporate processes and procedures comply with the compliance program.
• Uphold the business's reputation while protecting it from lawsuits.

Format of the Course

• Interactive lecture, discussion, and exercises.

Course Customization Options

• To request a customized training for this course, please contact us to arrange.

Introduction

Overview of Financial Regulators / Regulatory Authorities / Supervisory Agencies

Overview of Relevant Legislation

Understanding the Instalment Sales Act

Understanding the Payment Services Act

Compliance Measures (AML, CFT, KYC, CDD, FATF, etc.)

Assessing Existing Policies and Procedures

Creating a Compliance Program

Implementing a Compliance Program

Enforcing Compliance within the Organization

Carrying out Compliance Training

Supervising Compliance Testing and Monitoring

Assessing Compliance Risks for New Products and Services

Recommending Risk Mitigation Strategies

Meeting Reporting Requirements

Preparing for On-site and Off-site Audits and Inspections

Handling Conflicts and Disputes

Summary and Next Steps