of the Act, as applied mutatis mutandis pursuant to Article 22-2, paragraph (2) of the Act, and have handed over the record of identity confirmation prepared in regard to the identity confirmation to the financial institutions, etc., and the financial institutions, etc. preserve the record of identity confirmation. 

(3) Where financial institutions, etc. commit the acts listed in paragraph (1), item (ii) or (iii), when the beneficiary of a trust contract has yet to be specified or does not exist, when the beneficiary of a trust contract has yet to manifest the intention to receive benefits, or when conditions precedent or time limit are set on the beneficiary's beneficial interest in a trust contract, the provisions of the same items apply, deeming that the beneficiary of the trust contract listed in the same items has been specified at the time when the financial institutions, etc. came to know the specification or existence of the beneficiary, manifestation of intention to receive benefits or fulfillment of the conditions precedent or arrival of the time limit. 

(Small Money Exchange Exempted from the Obligation to Identify Customers) 

Article 11-6 The small money exchange specified by Cabinet Order as prescribed in Article 22-3 of the Act is money exchange not more than the amount equivalent to two million yen. 

(Notification of Outward Direct Investment) 

Article 12 (1) The outward direct investment specified by Cabinet Order as prescribed in Article 23, paragraph (1) of the Act is outward direct investment prescribed in paragraph (2) of the same Article pertaining to business that falls under any of the following (hereinafter referred to as "outward direct investment" in this Article): 

(i) business that belongs to a business type specified by Ministry of Finance Order as the specified business type in the cases where the act of making an outward direct investment pertaining to business that belongs to the specified business type is likely to cause any of the situations set forth in the items of Article 23, paragraph (4) of the Act; 

(ii) business conducted in the region specified by Ministry of Finance Order as the specified region in the cases where the act of making an outward direct investment pertaining to business conducted in the specified region is likely to cause any of the situations set forth in the items of Article 23, paragraph (4) of the Act; 

(iii) business that belongs to a business type specified by Ministry of Finance Order as a specified business type which is conducted in the region specified by Ministry of Finance Order as a specified region in the cases where the act of making an outward direct investment pertaining to business that belongs 

