Basic Policy on Prevention of Money Laundering and Terrorist Financing
Queen Bee Capital Co., Ltd (hereinafter referred to as “the company”) considers Money Laundering and Terrorist Financing (hereinafter referred to as “Money Laundering etc.”) measurements to be one of the highest management priorities, and has established the following basic policy to address Money Laundering etc. measurements.
1.Basic Policy
In addition to various laws and regulations in Japan related to Money Laundering etc., the company has established an effective system to prevent Money Laundering etc. in light of international requests such as FATF, to continue making efforts to prevent Money Laundering etc.
2.Management System
In order to prevent Money Laundering etc., the company has formulated and implemented policies, verified and reviewed its effectiveness, and actively involved its management team. The company has appointed an officer to manage Money Laundering etc. and takes the following measures based on three lines of defense.
- 1st line of defense Business operation department: Measurements related to prevent Money Laundering etc.
- 2nd line of defense Risk management department: Restrain and support business operation department
- 3rd line of defense Internal audit department: Verify company-wide effectiveness from an independent standpoint
3.Risk Assessment
Based on risk-based approach, the company identifies and assesses the risks related to Money Laundering etc., on a regular or occasional basis.
4.Risk Mitigation Measures
In order to mitigate the risks identified and assessed based on the provision of “3. Risk Assessment”, the company implements rules and regulations, such as customer management, filtering, transaction monitoring, records retention, submitting suspicious transactions, correspondent relationship management, and other risk reduction measures.
5.Maintaining and Training Officers and Employees
The company thrives to deepen knowledge and understanding through trainings and other methods, in order to equip its executives and employees with expertise and suitability in AML which is required for their roles.
6.Test of Effectiveness of Prevention of Money Laundering etc.
The company conducts company-wide test of the effectiveness of its efforts to prevent Money Laundering etc. and will make continuous improvements based on the test results.