Mizuho Corporate Bank London Branch
Global Anti-Money Laundering Policy
Money laundering refers to acts, such as criminals turning proceeds derived from crime into clean money by disguising and/or concealing the actual source and/or destination of proceeds. Terrorist financing refer to those acts, such as terrorist groups, etc. providing funds for terrorism activities through a financial institution. (Hereinafter collectively referred to as "money laundering, etc."). In recent year, we have noted an increasingly sophisticated combination of criminal skills, and have taken into consideration the importance of measures taken against the financing of terrorism through international community’s determination to combat terrorist activities. We hereby reaffirm our policy against Money Laundering.
If money laundering is left untouched, gains derived from such activities may be used to finance future crimes. Furthermore, not only will it increase organised crime by enlarging criminal organisation, but it also might mean that criminal organizations will be able to exert influence over legitimate economic activities.
We recognise we take all measured to stop the flow of funds for terrorism and terrorist activities, as if it is unchecked it will be a serious threat to the international community.
Consequently, an important countermeasure against money laundering and financing, of terrorism is for financial institutions to cooperate. For that purpose, everyone in our organisation from management to employees must make every possible effort to prevent money laundering, etc.
As a global financial institution, Mizuho recognizes the importance of countermeasures against money laundering, etc. In order to respond to calls made by the international community to fight money laundering, we will conduct business in compliance with our internal control systems.
Management
We clearly prescribe roles within our anti-money laundering procedures.
Customer Identification
We implement and maintain appropriate measures to conduct customer identification.
Management trains employees in matters related to the prevention of money laundering so that employees can implement immediate and appropriate measures.
Confirmation of measures for freezing assets
We implement and maintain measures to confirm assets which should be frozen.
We train employees in matters related to the prevention of money laundering, etc. so that employees can implement immediate and appropriate measures.
Reporting of suspicious transactions, etc.
We implement and maintain measures for handling suspicious transactions.
We report suspicious transactions to the relevant authorities without delay.
We take appropriate action against suspicious transactions without delay.
We train employees in matters related to the prevention of money laundering, etc. so that employee can take appropriate actions in a timely manner.
Check and Monitoring
We check an monitor whether we are compliant with regulations for anti-money laundering, etc, and seek to continuously improve our systems based on the results.
