Higo Bank is strengthening its prevention system to anti money laundering and terrorist financing (hereinafter referred to as “Manelon /Terrorist Financing”).
We have confirmed that this transaction is not in violation of the “Foreign Exchange and Foreign Trade Law” (so called Foreign Exchange Law) and other laws.
We ask for your understanding and cooperation in strengthening the management system for Manelon / Terrorist Financing.
|Transaction type||Bank counter||Forex BIB|
|Foreign remittance（Yen-based）||On the next business day||AM10:00|
|Foreign remittance（foreign currency-based）||AM12:00||AM12:00|
|Domestic remittance（foreign currency-based）||AM11:00||AM10:00|
|Foreign remittance (38 Branches)||Foreign Currency Exchange
|1||Amakusa Branch||20||Miyazaki Branch||1||Amakusa Branch|
|2||Arao Branch||21||Nagasaki Branch||2||Head office|
|3||Fukuoka Branch||22||Oguni Branch||3||Hikarinomori Branch|
|4||Head office||23||Oita Branch||4||Hitoyoshi Branch|
|5||Hikarinomori Branch||24||Omine Branch||5||Kengun Branch|
|6||Hitoyoshi Branch||25||Omuta Branch||6||Kikuchi Branch|
|7||Kagami Branch||26||Osaka Branch||7||Kitakumamoto Branch|
|8||Kagoshima Branch||27||Ozu Branch||8||Matsubase Branch|
|9||Kencho Branch||28||Ryutsudanchi Branch||9||Minamata Branch|
|10||Kengun Branch||29||Suidocho Branch||10||Miyaji Branch|
|11||Kikuchi Branch||30||Suizenji Branch||11||Ozu Branch|
|12||Kitakumamoto Branch||31||Takamori Branch||12||Ryutsudanchi Branch|
|13||Kitakyushu Branch||32||Takuma Branch||13||Suidocho Branch|
|14||Kurume Branch||33||Tamana Branch||14||Suizenji Branch|
|15||Matsubase Branch||34||Tokyo Branch||15||Takuma Branch|
|16||Minamata Branch||35||Ueki Branch||16||Tamana Branch|
|17||Minamihakata Branch||36||Uto Branch||17||Ueki Branch|
|18||Minamikumamoto Branch||37||Yamaga Branch||18||Yamaga Branch|
|19||Miyaji Branch||38||Yatsushiro Branch||19||Yatsushiro Branch|
In principle, we will refuse to accept foreign remittances using cash (and deposits / transfers within one week prior to remittance) as the source of remittance.
In principle, we will refuse to accept foreign remittances sending to the following countries and regions.
|Target country and region（Country name is abbreviation）|
|Asia||3 provinces in China (JILIN、LIAONING、HEILONGJIANG）、Cambodia、Mongolia、Myanmar、North Korea、Pakistan|
|Europe||Albania、Belarus 、Iceland、Russia 、Ukraine（Crimea region）|
|Latin America||Bahamas、Barbados、Cuba、Haiti、Jamaica 、Nicaragua、Panama、Venezuela|
|Middle Eastern countries||Afghanistan、Iran、Iraq、Lebanon、Syria、Yemen|
|Africa||Botswana、Burundi、Central African、Congo、Ghana、Libya、Mali、Mauritius、Somalia、South Sudan、Sudan、Uganda、Zimbabwe|
After confirming that the requested foreign remittance does not correspond to the following regulations, we ask you to enter a check（☑）in the designated field on the “Foreign Remittance Request Form”.
①Foreign remittances related to trade restrictions with North Korea and Ukraine
(Relevant laws: Foreign Exchange Law)
A Related to import or intermediary trade of all cargo originating or shipping from North Korea
B Related to intermediary trade of cargo shipping to North Korea
C All cargo imports from Ukraine (only in the cases that Autonomous Republic of Crimea or Sevastopol Special City is the place of origin)
②Foreign remittance related to North Korea / Iran-related funds usage regulations
(Relevant laws: Foreign Exchange Law)
A Conducted for the purpose of contributing to "Activities that can contribute to North Korea's nuclear-related plans, etc."
B Conducted for the purpose of contributing to "Activities that can contribute to Iran's nuclear activities"
Conducted for the purpose of contributing to "Activities related to the supply of large conventional weapons to Iran"
③Transactions related to “U.S. OFAC regulations”
(Relevant laws: US laws and regulations, OFAC: Office of Foreign Assets Control)
A Transactions that include North Korea, Iran, Cuba, Syria, Sudan, the Crimea region of Ukraine, etc. for the location, country or relevant place of parties concerned(* Note)
B Transactions involving terrorists, drug traders, weapons of mass destruction traders, multinational criminal syndicates, etc. identified by the US government
C Transactions that are not US dollar-based but correspond to (1) or (2) of the above, and correspond to followings;
US financial institutions (including non-US financial institutions located in the US such as branches in the US and base outside the US of financial institutions with main office in the US), US corporations (including US-based corporations outside the US), Transactions involving US nationals, persons in US (including foreign corporations and foreigners in the United States)
D Other Iran-related transactions designated by OFAC as subject to secondary sanctions
(*Note) “Parties of the transaction” refers to the sender, receiver, importer, exporter, consignee, bank, ship company, airline, transport ship, aircraft, unloading / loading company, terminal involved in the transaction, or the owner / operator (operating company) of the wharf. “Relevant place” refers to the place of origin, shipping place, unloading place, destination, and ship registry.
④Transactions related to money laundering and terrorist financing in each country
(Relevant laws: laws and regulations in each country)
⑤Foreign remittances for items that require import permission, approval, and notification
(Relevant laws: Foreign exchange law)
We ask you to submit confirmation documents regarding the purpose of remittance.
Please note that additional confirmation materials, etc. may be requested or remittance will be suspended or refused at our sole discretion.
①Materials to be submitted according to the purpose of remittance (example)
|Purpose of remittance||Example of confirmation document|
|Trade payment||Invoices, bills of lading, Shipping documents such as packing list|
|Living expenses,family support||Materials that can confirm the relationship with the recipient|
|Transfer to own account||Materials that can confirm that you are an account holder (cash card, etc.)|
|Payroll remittance||Materials that can confirm the employment relationship with the recipient|
|Asset management||Materials that can confirm the investment contract|
|Insurance fee||Materials that can confirm insurance contract|
|Tuition fee||Materials that can confirm attendance at school (certificate of enrollment etc.)|
|Management cost||Materials that can confirm the contents of the managed property|
|Advisory fee||Materials that can confirm the advisory contract|
②Other matters that may be confirmed
Reason for visit to the branch, occupation, asset status, relationship with recipient, future remittance schedule, amount of money, (when the client is a corporation) Natural person who can effectively control the corporation, etc.