JAPAN

AML / KYC

Japan FSA Offers Guidance on Validating AML Effectiveness

By Thisanka Siripala | 22/01/2025

New discussion paper emphasises the importance of continuous validation to ensure AML/CFT measures remain effective against evolving risks

Enforcement

Former MUFG Bank Manager Arrested for Safe Deposit Box Thefts

By Thisanka Siripala | 18/01/2025

The former employee has reportedly admitted to the thefts, citing significant financial losses from FX trading and horse racing bets as her motive.

Crypto / Digital Assets

US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts

By Thisanka Siripala | 17/01/2025

North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says

Fintech / Regtech

JSCC to Adopt Standardised Framework for Regulatory Reporting

By Thisanka Siripala | 17/01/2025

JSCC will start using ISDA’s Digital Regulatory Reporting for reporting to the FSA and CFTC starting in June.

Securities / Derivatives

Osaka Exchange to Launch New Natural Rubber Futures Contract

By Thisanka Siripala | 16/01/2025

The futures contract will based on the price of Natural Rubber Futures listed on the Shanghai Futures Exchange

Fintech / Regtech

Tokyo Enhances Execution Environment for Block Trades

By Thisanka Siripala | 16/01/2025

TSE participants can now use an IOI platform to quietly gauge market demand for large stock trades without revealing their intentions to other participants

Securities / Derivatives

JSDA Proposes to Revise Rules on Foreign Securities Transactions

By Thisanka Siripala | 16/01/2025

The proposed amendments aim to address the lack of a clear classification for some foreign securities transactions

Fintech / Regtech

JSDA Amends Rules to Streamline Digital Document Delivery

By Thisanka Siripala | 16/01/2025

The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.

AML / KYC

AEON Bank President & Risk Head Dismissed Over AML Failures

By Thisanka Siripala | 15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies