JAPAN

Market Infrastructure

Hardware Failure Causes Full Day Closure at Tokyo Exchange

By Editors | 01/10/2020

The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.

Enforcement

Japan FSA Demands Explanation for Miscounted Shareholder Votes

By Editors | 30/09/2020

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Securities / Derivatives

Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes

By Editors | 25/09/2020

Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.

Enforcement

Saxo Japan Ordered to Bolster Controls After Data Breach

By Editors | 22/09/2020

The breach included clients’ names, contact details, date of birth, bank account information, and identity verification documents of 750 clients.

AML / KYC

FinCEN Files Reveal AML Failures at Global Banks

By Manesh Samtani | 21/09/2020

The trove of documents shows that the banks allowed $2tr to flow through the financial system despite having flagged the transactions as suspicious.

AML / KYC

Japan FSA Probes E-money Providers as More Thefts Emerge

By Sanday Chongo Kabange | 16/09/2020

NTT Docomo has reported additional cases of thefts through its e-money service. Japan Post Bank has identified similar thefts via five other operators.

Enforcement

Japan: Nomura Employee Leaks Client Information to Securities Firm

By Editors | 14/09/2020

Nomura has apologised for the incident and pledged to strengthen its management of customer information. It will also consider taking legal action against the offending staffer.

AML / KYC

Japanese Police Probe Thefts from NTT Docomo E-money Service

By Editors | 11/09/2020

NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.

Fintech / Regtech

Tokyo Bourse, IHS Markit to Combine Securities Finance Data

By Sanday Chongo Kabange | 08/09/2020

The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.