crime

E-money laundering in Japan increases drastically in 2019

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Financial service will be stricter and more paperwork especially for foreigners, even this has nothing to do with foreigners.

6 ( +6 / -0 )

The paperwork, all in Japanese to transfer just £2500 from overseas from my bank account was probably the most complicated experience I have encountered in Japan. Both accounts were in my name. Big transfer fee.

4 ( +4 / -0 )

I bank with Shinsei and they recently changed their overseas remittance process. Took me almost 4 months to register. They couldn't even carry over any info from my previous account. What a nightmare it was, and still is. I wanted to send some money last week, and so I had to call because my sending limit was reached. Woman on the phone told me I had to send them all sorts of bank statements in order to increase my remittance limit. I said it was an emergency and she let me send $500, however she asked me if I was sending money for North Korean and Iranian weapons. Lol

3 ( +3 / -0 )

How about using paypal or equivalent ?

Is it possible ? (Transfer from foreign accountot paypal, then from paypal to Japanese account ?)

I did not have big issue with Shinsei a few years ago. Just the first money sending had to be done through paperwork.

Sad thing it is not improving.

Best is to have a good bank card and remove money from cash machine.

0 ( +0 / -0 )

zichi actually nailed what the article is about ...It's about Operators who move money about . Zichi more that likely has his American pension sent to him by TransferWise ... TW is not a Bank ... It's an operator

0 ( +0 / -0 )

I thought JAPAN had the best tracking system.

0 ( +0 / -0 )

Never had issues with the Japan Post Bank. Sent a total of 2.75million yen in 3 transfers to Japan from overseas this year and never have been asked a question.

0 ( +0 / -0 )

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