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AML / KYC
Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option
By Manesh Samtani | 30/03/2022
Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
Enforcement
Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others
By Editors | 24/03/2022
Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.
Fintech / Regtech
Japan FSA Progresses Work on AI-based Translation System
By Editors | 19/03/2022
Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.
AML / KYC
Japan Crypto Exchanges Ordered to Comply with Sanctions
By Editors | 17/03/2022
Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.
Capital / Liquidity
Japan to Further Delay Implementation of Basel III – Report
By Editors | 17/03/2022
Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia’s invasion of Ukraine.
Securities / Derivatives
Japan FSA to Compel Listed Firms to Disclose Gender Ratios
By Sanday Chongo Kabange | 15/03/2022
An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.
Fintech / Regtech
Japan Crypto Industry Set to Adopt Travel Rule
By Editors | 13/03/2022
The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.
AML / KYC
Japan to Freeze More Russian Assets, Block More Exports
By Editors | 08/03/2022
Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.
Market Infrastructure
Japan FSA to Inspect FIs for Cybersecurity Effectiveness
By Editors | 22/02/2022
The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.
Enforcement
FSA Issues Business Improvement Order to Mizuho, Again
By Editors | 18/02/2022
The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.
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