JAPAN

Crypto / Digital Assets

Ripple Opens Japan-Philippines Remittance Corridor

By Manesh Samtani | 31/07/2021

Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.

ESG / Sustainability

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

By Editors | 29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

ESG / Sustainability

BOJ Sets Out Strategy to Address Climate Change

By Ranamita Chakraborty | 26/07/2021

A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.

AML / KYC

Japan Banks to Deploy Shared System for AML/CFT Monitoring

By Manesh Samtani | 22/07/2021

The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.

Securities / Derivatives

Japan FSA Consults on Draft Guidelines for Social Bonds

By Manesh Samtani | 22/07/2021

The guidelines are aimed at promoting the issuance of social bonds by the private sector and preventing ‘social washing’.

Fintech / Regtech

Japan FSA Launches New Section to Oversee Crypto Regulation

By Sanday Chongo Kabange | 19/07/2021

The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.

AML / KYC

Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs

By Manesh Samtani | 14/07/2021

The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.

JBA Chairman Warns Against Divesting From ‘Brown’ Companies

By Ranamita Chakraborty | 06/07/2021

JBA chairman Makoto Takashima says stopping funding for “brown” companies could choke off investment necessary to achieve carbon neutrality.

AML / KYC

Japan to Form Cross-agency AML Team Following FATF Review

By Editors | 05/07/2021

A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.