The following is an excerpt of transactions regulated under the Foreign Exchange and Foreign Trade Act (hereinafter referred to as “FEFTA*”).
Please be sure to refer to this information.
*If a payment is made without obtaining permission from the competent minister,
the following penalties may apply:
- Imprisonment for up to 3 years, and/or
- A fine not exceeding 1 million yen, or
- Both imprisonment and fine may be imposed
(When three times the value of the object of the violation exceeds 1 million yen, the fine shall not exceed three times that value)
1. Measures Related to “Asset Freeze and Economic Sanctions Targets” |
1. Transactions conducted directly or indirectly for sanctioned entities, including those under different names 2. Transactions with entities effectively controlled by sanctioned parties (including payments to entities where Russian/Belarusian sanctioned parties directly own 50% or more of shares/capital) |
2.FEFTA Measures Against Violent Israeli Settlers |
1. Payments and capital transactions with Israeli settlers involved in violent acts |
3.FEFTA Measures Related to Ukraine Situation |
1. Transactions with Russian Federation entities and those directly involved in the “annexation” of Crimean Republic and Sevastopol 2. Transactions related to purchasing Russian-origin oil transported by sea exceeding price caps 3. Capital, investment, and service transactions with Russia/Belarus (including technology transfer) 4. Transactions involving trust, accounting/auditing, management consulting, architectural, and engineering services to Russia |
4. FEFTA Measures Related to Iranian Nuclear Activities |
1. Transactions involving transfer of nuclear weapon delivery system-related goods and technology to Iran |
5. FEFTA Measures Related to North Korea’s Nuclear and Other WMD Programs |
1. Transactions contributing to North Korea’s nuclear and ballistic missile programs |
6. FEFTA Measures on North Korean “Trade Payment Regulations“ |
1. Import or intermediary trade transactions for all goods originating from or shipped from North Korea 2. Intermediary trade transactions for goods destined for North Korea |
7. FEFTA Measures on Asset Freeze for Terrorists |
1. Payments and capital transactions with designated individuals/organizations (542 as of May 10, 2024) under UN Security Council Resolutions 1267 and 1373 |
8. Specific Business Partnership Remittances |
1. Payments from Japan to foreign countries for specific industry activities through partnerships (Note) “Specific Industry Business Activities” refers to the following businesses that require prior notification for foreign direct investment: Fishery (business of catching/collecting marine animals and plants) Leather or leather products manufacturing Weapons manufacturing Manufacturing of equipment related to weapons production Manufacturing of narcotics and related substances |
Latest Regulatory Information (Ministry of Finance Website):
https://www.mof.go.jp/policy/international_policy/gaitame_kawase/gaitame/economic_sanctions/recent.html
As various regulations are being implemented from time to time, please be sure to check the latest regulatory information on the Ministry of Finance website and other sources before making your declaration.