The AFC Professional of the Month for August was awarded to Shuichiro Mita for his vast experience in the anti-money laundering (AML) field and for his role as one of the co-chairs of the ACAMS Japan Chapter. Mita consults for various industries. He joined KPMG in 2019 after his career at a leading Japanese megabank, where he was primarily in charge of maintaining and enhancing the soundness of the AML/counter-terrorist financing (CTF) framework.
Mita has more than 10 years of experience in AML/CTF risk management and has contributed to enhancing the AML/CTF control at Japanese banks as a whole through various activities. In addition, Mita is currently leading the ACAMS Japan Chapter as co-chair and has contributed to the development of the AML community.
He has numerous experiences in leading the group-wide AML/CTF framework, including validation and testing of its effectiveness, integration/implementation of regulatory technology (regtech) and the establishment of better governance for overseas offices. His numerous and credible experiences against financial crime include planning and implementing various AML-related systems, including Japan’s first transaction monitoring system, as well as creating and running a framework for risk assessment, customer due diligence and other risk mitigation measures.
Mita ran various remediation/enhancement projects for many regulatory environment changes such as the amendments to AML law, the publication of the Financial Services Agency of Japan (JFSA) Guideline and new developments to international guidelines such as the Financial Action Task Force and the Basel Committee on Banking Supervision. He also established a better management framework for overseas offices by implementing a group-wide standardized rule, periodic monitoring of compliance status and a better reporting structure. He promoted and integrated the use of regtech in AML/CTF operations. In addition, Mita has been invited to numerous seminars and conferences related to financial crime as a speaker and panelist.