JAPAN

AML / KYC

Japan FSA Proposes to Add Jurisdictions to Travel Rule

By Editors | 27/01/2024

Eight countries were added, including the UAE, India, Indonesia, the UK, Estonia, Nigeria, Bahrain, and Portugal.

Market Infrastructure

Japan To Introduce Mandatory English Disclosures on Prime Market

By Sanday Chongo Kabange | 18/01/2024

The TSE will require all listed firms on its Prime Market to make disclosures in English and Japanese starting 2025.

Securities / Derivatives

Tokyo Bourse Names Firms With Capital Efficiency Plans

By Editors | 16/01/2024

The list is intended to “name and shame” companies that don’t disclose plans to increase their capital efficiency

Market Infrastructure

JBATA Publishes Feedback From Euroyen TIBOR Consultation

By Editors | 27/12/2023

Most respondents said “six months before the cessation date” is a desirable timing to cease entering into new Euroyen TIBOR contracts.

Enforcement

FSA Japan Issues Orders Against Major Insurers for Price-Fixing

By Editors | 27/12/2023

The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.

Crypto / Digital Assets

Japan Approves Reforms to End Tax on Unrealised Crypto Gains

By Editors | 27/12/2023

Crypto assets issued by third party organisations can be held by corporations without being marked-to-market for taxation.

Securities / Derivatives

Japan Prepares to Launch ‘Asset Management Forum’

By Editors | 26/12/2023

A committee has been established to plan the launch of a new platform to promote Japan’s asset management industry internationally.

Enforcement

Japan FTC Probes Insurers for Alleged Cartel Conduct

By Mark Johnston | 21/12/2023

Japan’s FTC raided 22 locations of four major insurers and two insurance agencies over their alleged collusion on premium-setting.

AML / KYC

Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors

By Mark Johnston | 19/12/2023

The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.