Japan's eKYC Overhaul (2026–2027): JPKI, IC-Chip Mandates and the End of Photo-Based Account Opening
Blog post from Didit
Japan is implementing significant identity-verification reforms by revising the Act on Prevention of Transfer of Criminal Proceeds, which will mandate IC-chip-based verification for remote account openings at banks and financial institutions by April 2027, replacing photo-based ID checks. This change aims to enhance security against forgery by using the embedded IC chips in My Number cards or driver's licenses for verification, in contrast to the less secure photo submissions. The Financial Services Agency (FSA) has also updated its AML/CFT guidelines, effective from March 2026, requiring financial institutions to conduct self-directed risk assessments, manage outsourcing obligations, and ensure senior-management accountability for financial crimes. The JPKI system, enabling chip-based verification with My Number cards, became operational in January 2026, and the rapid adoption of this technology indicates institutions are adjusting ahead of the 2027 mandate. These reforms are part of Japan’s broader effort to align with global standards and improve the robustness of its financial security infrastructure.
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