Japan

Securities / Derivatives

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

By Editors | 26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.

Securities / Derivatives

Mizuho Seeking Approval to Establish China Securities Unit

By Sanday Chongo Kabange | 26/06/2024

The CSRC has officially accepted an application from Mizuho seeking the establishment of a securities company in China.

Enforcement

Japan FSA Orders MUFG Units to Correct Control Deficiencies

By Mark Johnston | 26/06/2024

The MUFG units breached Japan’s “firewall” regulations by sharing non-public client information without authorisation, the FSA said.

Sanctions

Japan Foreign Ministry Announces New Russia Sanctions

By Editors | 22/06/2024

The new measures include a prohibition on exports to 14 entities based in Russia, as well as companies based in China, Hong Kong, India, Kazakhstan and Uzbekistan.

AML / KYC

Japan Announces New Measures to Combat Fraud and Scams

By Manesh Samtani | 21/06/2024

The measures include obligations for social media companies, internet service providers, telecoms companies and financial institutions.

ESG / Sustainability

Japan FSA Working to Enhance Transparency of Shareholders

By Manesh Samtani | 19/06/2024

Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.

Capital / Liquidity

How Asian Regulators Have Been Reflecting on 2023 Bank Failures

By Blake Evans-Pritchard | 18/06/2024

Asian regulators have been looking at whether the kinds of bank failures that occurred last year could also take place in their home markets.

AML / KYC

Japan to Tighten AML Controls to Target Organised Crime

By Manesh Samtani | 18/06/2024

Prompted by a $444mn money laundering case, Japanese regulators will ask banks to do more to detect criminal abuse of accounts.

Crypto / Digital Assets

Japan Regulator Issues Orders Against Crypto Firm CoinBest

By Editors | 15/06/2024

CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.