Japan's Financial Watchdog Takes Action Against AEON Bank Over Money Laundering Deficiencies
3 months ago
In a significant crackdown on financial compliance, Japan's Financial Services Agency (FSA) has mandated AEON Bank to address serious deficiencies in its anti-money laundering (AML) protocols. This directive comes in the wake of the regulator's findings that uncovered substantial gaps in the bank's ability to monitor suspicious transactions.
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