Street X Inc is committed to operating in full accordance with applicable laws and regulations governing payment agency services in the United States and in connection with cross-border transactions involving Japan.
Street X Inc provides payment agency services — collecting and disbursing funds on behalf of clients — and is committed to conducting this business in a manner consistent with applicable US federal and state laws, including the Bank Secrecy Act (BSA) and regulations issued by the Financial Crimes Enforcement Network (FinCEN).
For cross-border transactions involving Japan, our policies are designed to align with the principles and requirements of Japanese financial law, including the Payment Services Act (資金決済に関する法律) and the Act on Prevention of Transfer of Criminal Proceeds (犯罪による収益の移転防止に関する法律).
Our compliance framework is a living program. We review and update our policies regularly to reflect changes in applicable laws, regulatory guidance, and the nature of our business operations. We are committed to maintaining open and transparent communication with all relevant regulatory authorities.
The following describes the regulatory framework applicable to our payment agency operations in the United States and the policies we maintain to operate within that framework.
The BSA establishes the primary federal anti-money laundering framework for financial institutions, including money services businesses. Our policies are designed to comply with BSA requirements applicable to our payment agency operations.
FinCEN regulations establish specific requirements for money services businesses operating in the United States. Our policies are designed to address the requirements set forth in 31 CFR Part 1022 as applicable to our services.
Our customer identification policy requires verification of client identity and assessment of the nature and purpose of business relationships prior to providing services. This policy is designed to comply with applicable CIP and CDD requirements.
Our policy requires employees to identify and escalate potentially suspicious activity for review. Where suspicious activity is identified and meets applicable reporting thresholds, our policy requires the filing of Suspicious Activity Reports (SARs) with FinCEN.
Our recordkeeping policy requires the retention of transaction records, customer identification information, and other compliance-related documentation for the periods specified by applicable BSA regulations.
Our policy requires screening of transactions and counterparties against applicable OFAC sanctions lists prior to processing. Transactions involving sanctioned parties or jurisdictions are prohibited under our policy.
Where our payment agency services involve cross-border transactions connected to Japan, our policies are designed to be consistent with the following applicable Japanese legal frameworks.
資金決済に関する法律
Japan's Payment Services Act governs fund transfer services and related payment activities. Our cross-border payment operations involving Japan are structured with awareness of the requirements and principles of this law.
犯罪による収益の移転防止に関する法律
This law establishes Japan's anti-money laundering framework, including customer identification obligations. Our customer identification and transaction monitoring policies are designed to be consistent with these principles.
外国為替及び外国貿易法 (FEFTA)
Cross-border fund transfers involving Japan may be subject to FEFTA requirements. Our policies address applicable reporting and compliance obligations for international capital transactions.
金融庁ガイドライン
We monitor guidance issued by Japan's Financial Services Agency (FSA) regarding cross-border payment services and anti-money laundering measures, and seek to align our policies with applicable FSA guidance.
Street X Inc is committed to protecting the privacy and security of personal and financial information entrusted to us by our clients. Our data protection policies are designed to comply with applicable US privacy laws and to reflect the principles of applicable Japanese privacy law.
Our data handling practices are designed to be consistent with the requirements of the Gramm-Leach-Bliley Act (GLBA) governing the privacy of consumer financial information, as well as applicable state privacy laws in Texas and other relevant jurisdictions.
For clients and individuals connected to Japan, our policies reflect awareness of the requirements of Japan's Act on the Protection of Personal Information (個人情報の保護に関する法律, APPI), and we handle personal data in a manner designed to be consistent with its principles.
Our privacy policy is designed to comply with GLBA requirements for the protection of consumer financial information.
個人情報の保護に関する法律 — Our data handling policies reflect the principles of Japan's personal data protection framework.
Our data security practices are designed to comply with applicable Texas state data privacy and security requirements.
For questions regarding our compliance policies or to submit a regulatory inquiry, please contact our compliance team. We are committed to responding promptly and transparently to all inquiries.
The information on this page describes the compliance policies and framework of Street X Inc and is provided for general informational purposes only. It does not constitute legal advice and does not represent a certification, guarantee, or warranty of compliance with any specific law or regulation. Actual compliance obligations are determined by applicable law and the specific facts and circumstances of each situation. Street X Inc does not operate as a bank, does not accept deposits, and does not hold any banking license or money transmission license. References to applicable laws and regulations are intended to identify the legal framework relevant to our operations and do not imply that Street X Inc has been formally approved, licensed, or certified by any regulatory authority unless expressly stated. For questions regarding our compliance policies, please contact our compliance team.