I am receiving a lot of calls related to "Everest Inn" Money Transfer service in JAPAN.

[Megh Raj Nepal]

Dear ALL concerned,

Please note the following email. I informed accordingly to the concerned company PRESiDENT( Mr. Shankar Bhandari ) too.
I am receiving  a lot of calls related to "Everest Inn" Money Transfer service in JAPAN.
(    Unfortunately, many seems to believe Sajha Samyantra Japan is still active ! , I am not the POLiCE or authorized person to watch for " who does what "  though !!  )

 
So far I know:

=> Without registering at FSA(金融庁) http://www.fsa.go.jp/menkyo/menkyo.html , any Money Transfer Business is iLLEGAL in Japan.
[ If a company is on registration process ( e.g. submitting documents or preparing for registration ),  that does not qualify to do the business NOW ! ]

=> Without registration at FSA, for money transfer purpose, NO one is allowed to collect Personal IDs, but Everest Inn is collecting IDs ! violating Japanese Privacy Law !!

=> if Everest Inn is doing HUNDi, the collection of IDs copy should be avoided as per Japanese Privacy Law( http://ja.wikipedia.org/wiki/個人情報の保護に関する法律 ) !

=> As a NRN / UK member, the President of Everest Inn has some kind of responsibility to NRNA Japan, and entire NEPALESE making it legitimate

So, this social issue has to be discussed at NRNA Japan and a proper explanation( REPLY ) by Everest Inn is required to Nepalese communities in Japan
=> Have been doing in LONDON/England, does not qualify for doing in TOKYO/Japan without registering at FSA. Every country has it`s own set of rules to abide.

=> In Japan, such Money Transfer Agency like Everest Inn may be categorized as : YAAMi-KHiNYUU(ヤミ金融)
 http://www.fsa.go.jp/soudan/index.html     &    http://www.zenginkyo.or.jp/topic/hanzai/information.html

=> if authority discovers( it is just a matter of time ! ), many NEPALESE will be troubled  like in the past as in other cases !,
And it may give a very bad impression of the country NEPAL as a whole to Japanese authorities, a very undesirable outcome !!

=> I already suggested  few possible solutions to Everest Inn too ( as found in the following email sent to Mr.President of Everest Inn )

Warm Regards, as always
Megh Raj Nepal
Tokyo, Japan
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---------- Forwarded message ----------
From: Megh Raj Nepal <nepa...@gmail.com>
Date: 2011/3/11
Subject: PLEASE investigate more seriously before it becomes too late !
To: Shankar Bhandari <ds...@hotmail.com>


Shankar JEE,
 
 Namaste.

 
Any agency, company & organization SHOULD not do the Money Transfer Agency service without having LiCENSE from the FSA(金融庁)
And the one having LiCENSE always appears in the page( pages concerned ) at URL:  http://www.fsa.go.jp/menkyo/menkyo.html

So, I would like to suggest you few points:

1. Please register your company Everest Inn with the FSA and continue the business

2. Or please collect the fund at the account of the " transferring BANK " itself !, NOT under your company Everest Inn account. Because Everest Inn does not have the LiCENSE.

Please note: just having a BANK behind Everest Inn does not qualify Everest Inn as Money Transfer Agency.

Also, just writing that the service in the Everest Inn TOHON(Company Registered Certificate ) does not qualify Everest Inn as Money Transfer Agency.

For example, in JAPAN, one can write " BANKiNG/Remittance and it`s related services " in the TOHON, but that company is not allowed to do the BANKiNG/Remittance business unless it gets the BANKiNG/Remittance LiCENSE by registering at FSA. In fact, one can register a company like " Nepal Bank Co. Ltd. " but it does not have authority to do banking without license.

In Japan, many Nepalese knowingly/unknowingly use GYOUSEi SHOUSi ( equivalent to LEKHANDASH in Nepali ) or Accountant or BOTH but not LAWYER( very expensive ), and do not get proper advice, suggestion all the time. I hope, you are not one of them. If we do business, let`s do with all the LEGAL requirement fulfilled !, otherwise it will be too late to inform you appropriately.

These are my experiences of the past, if you know it better, please share with us with proper legal basis & procedures.

    PLEASE investigate more seriously before it becomes too late !  , & let us know by sharing the accurate information too !!

Warm Regards, as always
Megh Raj Nepal
Mobile. 080-4327-4404

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 Here is one news of how it was fined/prosecuted even if it was a South KOREAN bank but no LiCENSE of it`s related business partner !!
 Please show this LiNE to your Company`s LEGAL adviser !

1. 韓国外換銀行在日支店に対す…：金融庁 www.fsa.go.jp/news/newsj/17/ginkou/f-20060303-1.html

   ... への海外送金を手配する代理送金業者（銀行法違反の無免許 ... において当行東京支店にある当該業者名義の取引口座に小口資金 ...

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Related to Nepalese market, registered organizations are here:
[  資金移動業者一覧 ( Money Transfer Agency ) LiST  ] :

 http://www.fsa.go.jp/menkyo/menkyoj/shikin_idou.pdf

JME  registered as ジャパンマネーエクスプレス株式会

IME ( Japan ) registered as 株式会社ウニードス

iTAU( Brazil`s Bank )  a registered BANK

Everest Inn    ??

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BANKS:

ALL:
Please check the list:
http://www.fsa.go.jp/menkyo/menkyoj/ginkou.pdf

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As of my knowledge, Money Transfer by other than found in the LiST are iLLEGAL in JAPAN !, and considered HUNDi !!
& If it is HUNDi, collecting personal IDs copy is iLLEGAL !!
http://ja.wikipedia.org/wiki/個人情報の保護に関する法律
If Everest Inn still suppose( wrong understanding of the Japanese Law ), it is not HUNDi, & it still has Bank behind, then collecting & providing IDs copy & filled up forms to the bank is iLLEGAL too, because without LiCENSE Everest Inn should not collect IDs cop & have person fill a form informing them as if Everest in has license of doing such business. And everyone knows the consequences of collecting and providing " personal information " via IDs copy or filled up forms to provide to a third party( the BANK to transfer the money ) here !. So the cases are two :  (1) Remitting money illegally to a foreign country without LiCENSE  (2) providing personal information( IDs copy & filled up forms ) illegally to a third party : violating Japanese Privacy Law.

For a FULL list of Licensed AGENCiES( Banks, Money Transfer Agencies & other Financial Agencies ) please check the LiNK below
http://www.fsa.go.jp/menkyo/menkyo.html