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Japan Post Bank to Cap Overseas Remittance

Japan Post Bank to Cap Overseas Remittance

   Tokyo, Aug. 8 (Jiji Press)--Japan Post Bank Co. <7182> and Japan Post Co. will place a limit on the amount of funds that can be sent via their overseas bank transfer service to tackle money laundering.
   To prevent illegal financial transactions, overseas remittance will be limited to 5 million yen per day.

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