In order to ensure the implementation of economic sanctions based on the Foreign Exchange and Foreign Trade Act (hereafter referred to as the "Foreign Exchange Act"), we must confirm that our customers are not performing these acts nor are we performing these acts in accordance with the Article 17 of the Foreign Exchange Act.
*The main regulated transactions under the Foreign Exchange Act are as follows.
・Transactions with persons subject to asset freeze designated by the Foreign Exchange Act, such as terrorists
Please refer to the Ministry of Finance website for the specific target individuals. *1
・Transactions with natural persons who have a domicile or residence in North Korea
・Transactions with corporations or organizations that have their principal offices in North Korea and corporations or organizations under their effective control
・Transactions for the purpose of contributing to North Korea's nuclear-related activities
・Transactions for the purpose of contributing to Iran's nuclear-related activities
*Please confirm the latest regulations regarding Russia-related regulations by checking the Ministry of Finance's public notice or the Ministry of Finance's website, etc. (The Ministry of Finance's website*2 for specific details)
We do not accept transactions that conflict (or may conflict) with the regulations of the Foreign Exchange Law.
Please note that we may ask you for details such as the background and purpose of the transaction as necessary.
*1 Ministry of Finance website
*2 Ukraine-related information : Ministry of finance