ELEMENTS Group's Liquid Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director: Takeaki Hasegawa) will provide a method combining Public Personal Authentication (JPKI) and facial image capture from its online identity verification service "LIQUID eKYC" for the online account opening process of Gaitame.com Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director and President: Jun Takeuchi), a provider of FX services. This will complement the weakness of Public Personal Authentication (JPKI), where fraudulent applications are possible if the card and PIN are obtained by a third party, by using facial image capture to achieve more stringent identity verification. "Gaitame.com" Account Opening Form (for individual customers): https://www.gaitame.com/account/kouza.html *1 A method compliant with Article 6, Paragraph 1, Item 1 (ka) of the Cabinet Order for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds (Act on Prevention of Transfer of Criminal Proceeds). ◾️ Summary - Liquid will provide a method combining Public Personal Authentication (JPKI) and facial image capture from its online identity verification service "LIQUID eKYC" for Gaitame.com's online account opening process. - In addition to complying with amendments to the Act on Prevention of Transfer of Criminal Proceeds, facial image capture will complement the weaknesses of Public Personal Authentication (JPKI), enabling strict identity verification. - The adoption was based on the company's flexible response to legal revisions, operational track record, and stable service provision system. ◾️ Background In financial services, measures against fraudulent applications and impersonation are becoming increasingly important, and there is a growing need for mechanisms that can more reliably confirm that the applicant is the individual themselves, in addition to verifying identity documents. Furthermore, in light of the upcoming revisions to the Enforcement Regulations of the Act on