In January 2022, the Japan’s Ministry of Justice will implement a new policy that aims to improve the transparency of Japanese companies by disclosing the identity of their major investors.

The move is a response by the MOJ to the evaluation report of the Financial Action Task Force (FATF) published in August 2021. 

In the report, FATF urged the Japanese government to take stronger countermeasures against money laundering, especially by smaller financial institutions. 

The report pointed out that the customer monitoring process at some financial i...