First in the Real Estate Industry! 'Release Identity Verification' Fully Complies with the Amended 'Act on Prevention of Transfer of Criminal Proceeds' Enforced in April 2027
GOGEN Corporation announced that its 'Release Identity Verification' system has fully complied with the April 2027 AML law amendment, the first in the real estate industry, covering IC chip reading and supplementary measures.
📋 Article Processing Timeline
- 📰 Published: April 10, 2026 at 22:00
- 🔍 Collected: April 11, 2026 at 00:23 (2h 23m after Published)
- 🤖 AI Analyzed: April 20, 2026 at 03:46 (219h 22m after Collected)
GOGEN Corporation (Headquarters: Minato-ku, Tokyo; Representative Director and CEO: Hiroaki Wada) announces that "Release Identity Verification," provided within its real estate transaction support hub "Release," has fully complied with the amended "Ordinance for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds" scheduled for enforcement in April 2027. This marks the first such compliance in the real estate industry.
In addition to the mandated reading of IC chips for both face-to-face and non-face-to-face transactions, the system also supports the entire operational flow of identity verification required post-amendment, including corporate transactions and supplementary measures such as sending non-forwardable mail for documents without IC chips.
### Overview of the Legal Amendment
On March 6, 2026, the "Order to Partially Amend the Ordinance for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds" (hereinafter the "Amendment Order") was promulgated. Considering the preparation period required for businesses, this Amendment Order will be enforced on April 1, 2027. Aimed at preventing the transfer of criminal proceeds such as money laundering and deterring identity theft through forgery and alteration, the Amendment Order makes the reading of IC chips on identity verification documents mandatory as a general rule, regardless of whether the transaction is face-to-face or non-face-to-face. The main revisions are as follows:
1. **Mandatory IC Chip Reading for Face-to-Face Transactions**
A new method has been stipulated for face-to-face identity verification: businesses must receive the presentation of an "identity verification document with a specific semiconductor integrated circuit" (an identity verification document with a photo and an IC chip), such as a My Number Card, from the customer, and use a reading device to display the information recorded on the IC chip (name, residence, date of birth, photo) on a screen. The conventional method of completing verification simply by "visually checking a photo ID" will, in principle, no longer be accepted.
2. **Mandatory IC Chip Reading for Non-Face-to-Face Transactions**
As an online-completed identity verification method, the rules now require the use of dedicated software to receive the transmission of the customer's own facial image along with the transmission of information recorded on the IC chip of the photo ID document (name, residence, date of birth, photo). The current so-called "photograph transmission method" (transmitting an image of the document surface plus a facial image) will be abolished as a standalone verification method.
3. **Stricter Rules When IC Chip Reading is Not Performed**
As a supplementary measure when IC chip reading is not performed, whether face-to-face or non-face-to-face, it is now mandatory to combine the verification with the sending of transaction-related documents via "non-forwardable mail, etc." Businesses must send transaction-related documents by registered, non-forwardable mail to the customer's residence listed on the photo ID document that lacks an IC chip.
Consequently, this Amendment Order clearly positions the reading of IC chips in the identity verification process as the legal baseline. When employing verification methods that fall short of IC chip reading, strict supplementary measures using non-forwardable mail, etc., become indispensable, necessitating a review of operational flows and systems by specified business operators.
### Response in Release Identity Verification
**(1) Response to the Amendment of the AML Ordinance**
In response to the changes in verification methods required by this Amendment Order, "Release Identity Verification" will handle both face-to-face and non-face-to-face transactions as follows:
1. [Face-to-Face Transactions] It supports the IC chip reading function, which is the standard verification method after the amendment. My Number...
In addition to the mandated reading of IC chips for both face-to-face and non-face-to-face transactions, the system also supports the entire operational flow of identity verification required post-amendment, including corporate transactions and supplementary measures such as sending non-forwardable mail for documents without IC chips.
### Overview of the Legal Amendment
On March 6, 2026, the "Order to Partially Amend the Ordinance for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds" (hereinafter the "Amendment Order") was promulgated. Considering the preparation period required for businesses, this Amendment Order will be enforced on April 1, 2027. Aimed at preventing the transfer of criminal proceeds such as money laundering and deterring identity theft through forgery and alteration, the Amendment Order makes the reading of IC chips on identity verification documents mandatory as a general rule, regardless of whether the transaction is face-to-face or non-face-to-face. The main revisions are as follows:
1. **Mandatory IC Chip Reading for Face-to-Face Transactions**
A new method has been stipulated for face-to-face identity verification: businesses must receive the presentation of an "identity verification document with a specific semiconductor integrated circuit" (an identity verification document with a photo and an IC chip), such as a My Number Card, from the customer, and use a reading device to display the information recorded on the IC chip (name, residence, date of birth, photo) on a screen. The conventional method of completing verification simply by "visually checking a photo ID" will, in principle, no longer be accepted.
2. **Mandatory IC Chip Reading for Non-Face-to-Face Transactions**
As an online-completed identity verification method, the rules now require the use of dedicated software to receive the transmission of the customer's own facial image along with the transmission of information recorded on the IC chip of the photo ID document (name, residence, date of birth, photo). The current so-called "photograph transmission method" (transmitting an image of the document surface plus a facial image) will be abolished as a standalone verification method.
3. **Stricter Rules When IC Chip Reading is Not Performed**
As a supplementary measure when IC chip reading is not performed, whether face-to-face or non-face-to-face, it is now mandatory to combine the verification with the sending of transaction-related documents via "non-forwardable mail, etc." Businesses must send transaction-related documents by registered, non-forwardable mail to the customer's residence listed on the photo ID document that lacks an IC chip.
Consequently, this Amendment Order clearly positions the reading of IC chips in the identity verification process as the legal baseline. When employing verification methods that fall short of IC chip reading, strict supplementary measures using non-forwardable mail, etc., become indispensable, necessitating a review of operational flows and systems by specified business operators.
### Response in Release Identity Verification
**(1) Response to the Amendment of the AML Ordinance**
In response to the changes in verification methods required by this Amendment Order, "Release Identity Verification" will handle both face-to-face and non-face-to-face transactions as follows:
1. [Face-to-Face Transactions] It supports the IC chip reading function, which is the standard verification method after the amendment. My Number...