#Japan #Tokyo #Showcase #Money Laundering #Spiral

Understanding the Impact of Amendments to Money Laundering Prevention Law

On June 4, 2025, Showcase Inc., a leading DX cloud service provider based in Minato, Tokyo, in collaboration with Spiral Inc., will host a free online seminar focused on the implications of amendments to the Money Laundering Prevention Law. Scheduled for 14:00 to 14:50, this event is tailored for key stakeholders in the financial industry, aiming to clarify the main points and necessary actions regarding the upcoming law changes.

With growing incidents of identity verification fraud involving counterfeit driver's licenses and health insurance cards, significant changes are underway in how personal verification occurs in Japan. The announcement of comprehensive measures to protect citizens from fraud, made in June 2024, includes a shift away from the current methods of verifying identities remotely.

A major change will involve the discontinuation of the so-called “Hō” method, which relies on sending images of identification documents. Instead, there is a push towards the widespread adoption of the National ID Card's IC chip in promoting public personal authentication (JPKI). This initiative will significantly enhance the security and reliability of identity verification processes.

Aligning with these adjustments, on February 28, 2025, to March 29, 2025, the National Police Agency will solicit opinions on a proposal to amend certain regulations associated with the Money Laundering Prevention Law. The proposal entails abolishing the currently prevalent “Hō” method, which will necessitate a thorough reevaluation of verification techniques, as well as modifications to existing systems and operational procedures.

The seminar will provide crucial insights for financial professionals with questions such as, “What specific amendments are being implemented?” and “What actions are necessary on our part?” It promises to be a valuable resource for those planning future compliance efforts.

Target Audience

• - Organizations that must comply with the Money Laundering Prevention Law.
• - Those looking to transition from the current visual verification methods (Hō) to JPKI.
• - Businesses considering the implementation of online personal verification services.
• - Companies exploring the use of National ID Cards in their services.
• - Professionals seeking strategies to prevent unauthorized access in online identity verification.

Program Overview

Presentation by Showcase Inc.

• - An overview of key points in the Money Laundering Prevention Law.
• - Introduction to new personal verification methods in response to the law amendments.
• - Presentation of the online personal verification (eKYC) service “ProTech ID Checker.”

Presentation by Spiral Inc.

• - Explanation of system and operational adjustments needed for compliance with the law amendments.
• - Introduction to the low-code development platform “SPIRAL.”

(Note: The program content may be subject to change without notice.)

Event Details

• - Date: June 4, 2025 (Wednesday)
• - Time: 14:00 – 14:50
• - Cost: Free of charge
• - Location: Online (via ZOOM)
• - Capacity: Limited to 50 participants; registration will close once full.

Please Note: Participation from competing companies will be restricted. Even if registration is submitted, it may be declined based on our discretion.

Registration: Register through the following link: Registration URL

Speakers

Main Speaker: Yasushiro Kida, Sales Department Head of Showcase Inc.
With extensive experience in eKYC product development and strategic business planning, Kida promotes awareness of the necessity for eKYC and authentication technologies across financial sectors.

Co-Speaker: Tatsuya Matoi, Executive Officer, Nagoya Branch of Spiral Inc.
Matoi leads solutions directed at major manufacturers and public institutions, particularly achieving significant implementation rates in credit unions and financial institutions in the Aichi area.

About SPIRAL

SPIRAL encompasses the widely used low-code development platform SPIRAL ver.1 and its successor, SPIRAL ver.2. It serves over 13,000 customers across various sectors, allowing for the easy development of web applications while safely managing critical information. Through a user-friendly interface, all can create bespoke web applications without extensive programming knowledge.

ProTech ID Checker provides a robust solution for online identity verification compliant with the Money Laundering Prevention Law, allowing for rapid deployment with minimal setup.

For more information regarding Spiral Inc. and Showcase Inc., visit their respective corporate websites.