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Japan Post Bank Mulls Overseas Remittance Cap

Japan Post Bank Mulls Overseas Remittance Cap

   Tokyo, June 18 (Jiji Press)--Japan Post Bank <7182> is considering putting an upper limit on the amount of overseas remittances to prevent its service from being used for money laundering, informed sources said Tuesday.
   The Japan Post Holdings Co. <6178> unit plans to put the cap of 5 million yen per overseas transfer starting this autumn, according to the informed sources. Japan Post Bank has some 120 million ordinary saving accounts, the largest among Japanese banks.

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AFP-JIJI PRESS NEWS JOURNAL


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