In recent years, preventing money laundering and taking measures against terrorism funding has become increasingly important as a result of a global rise in organized crimes such as illicit drug dealings.
In order to comply with the "Guidelines for Anti-Money Laundering and Combatting the Financing of Terrorism" announced by the Financial Services Agency in February 2018, Sony Bank customers are required to confirm the purpose of a given transaction, provide personal information or submit various verification documents in addition to the information required under laws and regulations such as the "Act on Prevention of Transfer of Criminal Proceeds" in (1) and (2).
- Customers who apply for a new account with Sony Bank
- Customers who already have an account with Sony Bank, depending on the nature and circumstances of a given transaction
In accordance with SONY BANK GENERAL TERMS AND CONDITIONS, please note that all or some transactions may be restricted if you fail to respond appropriately to our request for information or verification documents.
Thank you in advance for your cooperation and understanding.
Verification at the Time of Transactions
Before each transaction, Sony Bank shall confirm that you are the one performing the transaction, your occupation, and the purpose of the transaction.
To open an account, you are required to submit identity verification documents that show your name, address and date of birth as specified by Sony Bank. Without the submission of such documents, you will not be able to open an account and perform other transactions.
The Act on Prevention of Transfer of Criminal Proceeds prohibits you from misrepresenting your identity such as by using another person's identity verification documents when opening an account.
To: The Customer Who is an Important Politically Exposed Person in a Foreign Government, etc.
If a customer falls under the category of an important politically exposed person (PEP) in a foreign government, etc., strict verification at the time of transactions is required. For those existing customers and /or new customers, please report your PEP status to our English help desk.
Important Notes on the Remittance of Foreign Currency
When using our foreign currency remittance service, Sony Bank will conduct a verification process based on the details and circumstances of the remittance after you register or make a remittance.
In some cases, it may take a few days to process the remittance due to requesting additional information on the details of the remittance, or depending on the results of the verification process, we may not be able to process your request. Please allow sufficient time for these procedures to be completed.
Presentation of your Residence Card
If you are a residence cardholder, we will check your residence details such as period of stay and status of residence when you open a new account. Customers who already have an account with us may also be asked to confirm their period of stay and status of residence depending on the nature and circumstances of a given transaction. When you extend your period of stay or change your status of residence, please present your new residence card to Sony Bank.