Corporate Obligations and ResponsibilitiesAnti-corruption Measures

The Yahoo Japan Group actively conducts measures to prevent corruptions such as bribery, money laundering, etc.

Fully committed to prevent corruptions

The Yahoo Japan Group values the importance of aspiring to achieve a safe and sustainable Internet society through the trust entrusted and its harmony with the society. In addition, the Yahoo Japan Group is committed to act with the spirit of fair play and to fulfill its social responsibility. To this end, the employees fully understand their expected and required roles, and will pursue efficient corporate activities while maintaining the necessary corporate governance to gain the trust and understanding of our stakeholders.

Our internal rules prohibit the receipt of excessive gifts, entertainments and the like from business partners. In the same context, bribery to public officials (including persons who are treated as public officials) for the purpose of receiving benefits for the company’s business is prohibited. Bribery is not limited to the provision of cash but includes farewell gifts, condolences and congratulatory gifts, end-of-year and mid-year gifts, as well as invitation to golf and entertainment.

In addition, in regards to facilitation payments in countries other than Japan, analysis is made on areas and businesses with high risk of facilitation payments. These analyses are used to raise the awareness of local employees on the prohibition of such payments and to select business partners. More specifically, expense application and record taking of accounting evidence are thoroughly enforced. Administrative procedures with the authorities are made online without the help of mediators.

In fiscal 2017, we received no legal actions regarding corruption, bribery and the like.

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Anti-money laundering policy and our commitment

The Yahoo Japan Group will not be involved in transactions related to the proceeds derived from illegal acts, transactions that funds terrorists, and transactions with counterparties with whom transaction is prohibited by the government of each country, etc.
To this end, the Yahoo Japan Group has built systems to manage customer identification and reporting of suspicious transactions based on the Act on Prevention of Transfer of Criminal Proceeds, and endeavors to prevent abuse of financial services in organizational crimes. Moreover, for services to which the Act on Prevention of Transfer of Criminal Proceeds apply (The Japan Net Bank, Yahoo! Money, Yahoo! JAPAN Card, YJFX), in addition to countermeasures based on laws and regulations, structures and measures original to our services serve as robust countermeasures against money laundering. For example, personal identification procedures to verify that the user is the registered person are required for transfer, withdrawal and direct debit using Yahoo! Money. Under specific conditions in which unauthorized use is suspected, additional verification is needed and the users can proceed only when the user can be confirmed as the registered user. In addition to automatic monitoring, special staff in charge of detection set the upper limit by transactions and limit the transactions only to domestic transactions.
The Japan Net Bank, Yahoo Japan Corporation’s consolidated subsidiary, verifies identity of a user opening an account by requiring users to submit designated identity verification materials as well as by sending the transaction documents (cash cards, etc.) to the registered address by registered mail. Furthermore, if circumstances so require, The Japan Net Bank strictly confirms the details of the application by requiring additional verification materials or by denying the opening of the account. In addition, opened accounts are closely monitored for their transactions by specialized divisions and measures against unauthorized use are thoroughly conducted.
Yahoo! JAPAN Cards can only be used when the user can be confirmed as the person making the application by requiring users to show their identity verification materials when they receive the credit cards. For specific cases in which unauthorized use, etc. can be suspected at screening, additional hearings, etc. are made to reduce the risk of unauthorized use.

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Political donations

In regards to political donations, compliance with Political Funds Control Law is thoroughly enforced. In fiscal 2017, the amount of political donations was JPY 1.29 million.