Financial Services Agency

Enforcement

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

Crypto / Digital Assets

Japan FSA Calls for Lower Taxes on Crypto for Individuals

By Thisanka Siripala | 05/09/2024

The FSA says gains from trading and investing in crypto should be taxed at a 20% flat rate, the same as traditional financial assets.

Capital / Liquidity

Japan FSA to Strengthen Monitoring of Financial Institutions

By Thisanka Siripala | 04/09/2024

The FSA’s priorities include a stronger focus on corporate governance, risk management, and the asset management reforms.

AML / KYC

Japan Strengthens Measures to Prevent Fraudulent Use of Bank Accounts

By Manesh Samtani | 26/08/2024

The FSA and National Police Agency have asked FIs to implement enhanced measures to prevent the fraudulent use of bank accounts.

Fintech / Regtech

Japan FSA to Start Using AI for Monitoring Soundness of FIs

By Editors | 17/08/2024

The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.

Enforcement

FSA Japan Launches Probe into Cross-Shareholdings Disclosures

By Mark Johnston | 15/08/2024

The FSA will investigate whether 4,000 listed companies are transparently and accurately reporting their strategic shareholdings.

Japan, Netherlands Sign MoC on Banking Supervision

By Editors | 31/07/2024

Japan’s FSA and the Dutch central bank agree to cooperate and exchange information necessary for the supervision of banks that operate in both jurisdictions.

Crypto / Digital Assets

Crypto Firm Gate.io Leaves Japanese Market to Comply With Law

By Thisanka Siripala | 24/07/2024

Gate.io said it has stopped opening new accounts for Japanese residents and will remove Japanese language support.

Enforcement

MUFG Pledges to Prevent Recurrence of ‘Firewall’ Breaches

By Editors | 22/07/2024

MUFG will cut the pay of several top executives and has pledged to implement specific improvement measures to prevent any recurrence.