【GoRemit】Why do I need to provide documentation showing the source of funds and purpose of remittance when sending money to an account overseas?

In recent years, as measures to prevent money laundering, supply of funds to terrorists and upholding of various economic measures have become necessary, banks are currently being instructed by the Japanese Financial Services Agency (FSA) to perform appropriate checks.

Following the FSA's release of the "Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism" in February 2018, We have been working to implement these measures. For more information, please see the FSA's website.

>FSA Website

>FSA Website page regarding checks, etc. by financial institutions regarding money transfers

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