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🏛 | Ministry of Finance orders Mizuho Bank to take corrective action on the 26th = Report on violation of foreign exchange law


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Ministry of Finance orders Mizuho Bank to take corrective action on the 26th = Report on violation of foreign exchange law

 
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According to media reports, when Mizuho Bank suffered a system failure in September, the response of the money laundering (money laundering) system slowed down, and some procedures through the system were omitted for post-confirmation. It was suspected that the act violated the foreign exchange law.
 

[Tokyo XNUMXth Reuters] – On the night of the XNUMXth, the Ministry of Finance took corrective action against Mizuho Bank based on the Foreign Exchange Law ... → Continue reading

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Wikipedia related words

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Foreign Exchange and Foreign Trade Law

Foreign Exchange and Foreign Trade Law(Forex trade and trade)Foreign exchangeOr foreignTradeRegulate the movement of funds, goods and services between Japan and foreign countries, and transactions denominated in foreign currencies.Japan OflawIs[1].

Law numberIs Law No. 24 of 228,1949 (24)May 12ToAnnounceWas done.Abbreviation isForeign exchange law(How to get rid of it). "Exchange" isLessonsTherefore, it is not possible to guess the reading of "kawa" or "ka" for "for", so "gai"ForIt is abbreviated as "ho".

Ministry of FinanceMinistry of Economy, Trade and IndustryJointly under the jurisdictionBank of JapanTakes part of the affairs[1].

Constitution

  • Chapter 1-General Rules (Articles 1 to 9)
  • Chapter 2-Measures for Maintaining Japan's Peace and Security (Articles 10 to 15)
  • Chapter 3-Payment, etc. (Articles 16 to 19)
  • Chapter 4-Capital Transactions, etc. (Articles 20 to 25-2)
    • Article 25 (service transactions, etc.)
  • Chapter 5-Inward Direct Investment, etc. (Articles 26-46)
  • Chapter 6-Foreign Trade (Articles 47-54)
    • Article 48 (Export permit, etc.)
  • Chapter 6-2-Reports, etc. (Articles 55 to 55-9)
  • Chapter 6-3-Exporter Compliance Standards (Article 55-10-Article 55-12)
  • Chapter 7 --Relationship with the Administrative Procedure Law (Article 55-13)
    • (Exclusion from the Administrative Procedure Law)
    Article 55-13
    第25条第1項、同条第2項若しくは第3項の規定に基づく命令若しくは同条第4項又は第48条第1項若しくは第2項の規定に基づく命令の規定による許可又はその取消しについては、行政手続法 (平成5年法律第88号)第2章 及び第3章 の規定は、適用しない。
  • Chapter 7-2-Request for Examination (Articles 56-64)
  • Chapter 8-Miscellaneous Provisions (Articles 65 to 69-5)
  • Chapter 9-Penalties (Article 69-6-Article 73)
  • Supplementary provisions

History

  • Foreign Exchange and Foreign Trade Control LawIt was established under the title of.
  • Under the premise of "prohibition of foreign transactions"[2]As the name implies, it was established to strictly control foreign exchange and foreign trade.
  • 1980: The system was changed to allow foreign transactions in principle.[2].
  • The old law was abolished and the framework of the law was taken over by this law, and since then this law has taken over the cross-cutting regulation of foreign capital.[3].
  • 1992: After Japan-US structural talks, etc.Inward foreign direct investmentAmendments have been made to make regulations post-reporting in principle, except for those related to security.[4].
  • 1997 : The Second Hashimoto Cabinet passed the revised law.
  • SeiwakaiHe was the president of the Society for Thinking about the 21st CenturyHiroshi MitsukaAccording to the explanation given by the Minister of Finance, the revised law isJapanTo other countriesUnited NationsIt is possible to take measures such as economic sanctions independently without being based on the resolution of.[5].
  • 1998: The title was changed to the current one with the word "management" removed.

Main regulatory areas of foreign exchange law

Foreign capital regulation

Article 27 of the Foreign Exchange Law is in JapanForeign capital regulationOf these, it is responsible for cross-cutting regulations other than those regulated by the Individual Business Law.[3].

Trade regulation

Based on the Foreign Exchange Law, permission or approval from the Minister of Economy, Trade and Industry is required when conducting specific trade transactions.[6].

footnote

[How to use footnotes]
  1. ^ a b "What is the Foreign Exchange Law?". Bank of Japan. 2021/8/5Browse.
  2. ^ a b "Purpose and transition of foreign exchange law". Ministry of Finance. 2021/8/5Browse.
  3. ^ a b Hongo Takashi 2011, p. 131
  4. ^ Hongo Takashi 2011, p. 131-132
  5. ^ "Minutes of the House of Representatives], [Law to partially revise the Foreign Exchange and Foreign Trade Control Law』.
  6. ^ "About foreign exchange law". Ministry of Economy, Trade and Industry. 2021/8/5Browse.

References

  • Takashi Hongo, "Structural Analysis of Foreign Investment Regulation Law: Comparative Legal Analysis and Case Study of Investment Regulations on the Grounds of Security," Law Review, The University of Tokyo, Vol. 6, 2011, pp. 127-162, NOT 40019036709.

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外部 リンク

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