Juroku Bank Introduces 'Compliance Station UBO Series' to Strengthen Anti-Money Laundering and Counter-Terrorist Financing Measures

Compliance Data Lab Co., Ltd. (hereinafter 'CDL') announces that Juroku Bank has introduced the 'Compliance Station UBO Series,' an online service that instantly provides Ultimate Beneficial Owner (hereinafter 'UBO') information utilizing the high-quality corporate database from Tokyo Shoko Research, Ltd. (hereinafter 'TSR'). Background of Implementation In recent years, money laundering cases abusing corporate accounts have been increasing, making continuous customer due diligence ever more critical for financial institutions. As cases difficult to handle with conventional operational methods rise, balancing the reduction of practical workload with effective management has become a major challenge. To address this, Juroku Bank had been exploring new solutions that could simultaneously advance and streamline continuous customer due diligence. As a result, Juroku Bank highly evaluated the system's ability to comprehensively acquire necessary risk assessment information, including corporate UBOs, as well as its ability to timely detect changes in such information, leading to the introduction of the 'Compliance Station UBO Series.' What the Implementation Achieves and Future Outlook By utilizing the monitoring function of the 'Compliance Station UBO Series,' Juroku Bank realizes operations that detect and update changes in client information. Previously, confirming corporate realities and gathering the latest company names, addresses, representative information, and UBOs required significant effort and cost. The introduction of this service enables efficient and comprehensive information gathering, leading to expectations of more advanced compliance management. Looking ahead to the 5th FATF Mutual Evaluation of Japan in 2028, and amidst demands for building more effective AML/CFT operational frameworks, CDL will continue strengthening product development and support systems to contribute to the further advancement of Juroku Bank's continuous customer due diligence. Overview of 'Compliance Station UBO Series' 'Compliance Station UBO' is a service that utilizes TSR's corporate database, which boasts one of the largest coverages in Japan. By simply searching a company name online, it provides various information necessary for risk assessment, including the UBO identified by CDL's proprietary algorithm. It also supports bulk processing of massive data; if corporate numbers are provided, it can process up to 300,000 corporate records in approximately 3 minutes. ▶ UBO: Standard plan. Provides basic info and UBO of the target company. ▶ UBO+: Standard plan plus intermediate shareholder info and capital affiliation chart. ▶ UBO Exec: Standard plan plus executive info. ▶ UBO C&S: Standard plan plus buyer/supplier info. ▶ UBO Monitoring: Timely notification of changes in company name/address/UBO. Terminology * Ultimate Beneficial Owner (UBO) A natural person recognized as directly or indirectly holding more than one-quarter of the total voting rights of a corporation. ■ Company Profile Compliance Data Lab Co., Ltd. (CDL) President & CEO: Hiroshi Yamazaki (CAMS, CGSS, M.S. in Engineering, Johns Hopkins University) Location: 4F Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo Business: Provision of data services, consulting, system development, and BPO services related to compliance management Established: April 1, 2021 TEL: 03-6837-9665 URL: https://www.c-datalab.com/ [CDL's Mission and Vision] With the mission 'Making advanced compliance management accessible,' we provide optimal services to our customers utilizing technology and knowledge, centering on data utilization. We aim to become the No. 1 solution vendor for data-driven compliance management.