Identity verification based on the Act on Prevention of Transfer of Criminal Proceeds

Effective March 1, 2008, in accordance with the enforcement of this regulation, we are required to conduct customer identification procedures for cash transactions exceeding 2,000,000 yen.
Note that for cash transactions of 2,000,000 yen or less, as well as bank transfer transactions, the Secondhand Articles Dealer Act applies.

Our Obligations Under the Act on Prevention of Transfer of Criminal Proceeds

• Purchases of jewelry, precious metals, etc., paid for in cash exceeding 2,000,000 yen
  (Bank transfers are not subject to this)
• Customer identity verification
• Creation and retention of customer identity verification records and transaction records (for 7 years)
• Reporting of suspicious transactions (to the Ministry of Economy, Trade and Industry and the National Public Safety Commission)
• Identity verification documents for corporate customers

Required Original Identity Verification Documents for Corporations

• Certificate of Registered Matters
• Certificate of Registered Seal
• Documents issued by government agencies that include the company name and the address of the head office or principal place of business

Required Identity Verification Documents for Transaction Representatives

• Driver's license, health insurance card, national pension handbook, maternal and child health handbook, alien registration certificate, basic resident register card, passport, etc.
  (Must include name, address, and date of birth, and be affixed with a photograph)

Required Identity Verification Documents for Individual Customers

• Driver's license, health insurance card, national pension handbook, maternal and child health handbook, alien registration certificate, basic resident register card, passport, etc.
  (Must include name, address, and date of birth, and be affixed with a photograph)

For more details, please visit the JAFIC website.