FINANCIAL SERVICES AGENCY

Securities / Derivatives

JSDA to Make Multi-Factor Authentication Mandatory for Members

By Editors | 21/04/2025

Customers of six brokerage firms had their accounts hacked, resulting in almost JPY 100 billion worth of unauthorised trades.

Crypto / Digital Assets

Japan FSA Introduces Framework for Professional Token Sales’

By Thisanka Siripala | 17/04/2025

Crypto exchanges that facilitate “professional token sales” are required to verify that buyers are qualified institutional investors.

Enforcement

Japan FSA Orders Prudential Life Insurance to Address Misconduct

By Thisanka Siripala | 16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.

Crypto / Digital Assets

Japan FSA Seeks Feedback on Future of Crypto Regulation

By Thisanka Siripala | 11/04/2025

The FSA expressed concerns about inadequate disclosures, misleading investment schemes, and insider trading risks.

Enforcement

Japan FSA Sanctions Tachibana for Repeated Sales Misconduct

By Thisanka Siripala | 10/04/2025

Tachibana Securities failed to detect or halt improper sales practices due to deficient internal audits, compliance checks, and management oversight.

AML / KYC

Japan Banks Blocking Withdrawals from Expired Expat Accounts

By Thisanka Siripala | 10/04/2025

Accounts held by foreign nationals whose residency statuses have expired have been linked to impersonation and fraud cases.

AML / KYC

Japan FSA Proposes Tighter Security Rules for Safe Deposit Boxes

By Thisanka Siripala | 08/04/2025

The proposed rules prohibit cash storage in safe deposit boxes and mandate stricter security checks at banks.

Securities / Derivatives

Japan FSA Calls for Earlier Release of Securities Reports

By Thisanka Siripala | 06/04/2025

The FSA said the Finance Minister Katsunobu Kato has made the request for companies to release their securities reports earlier.

Enforcement

Japanese Brokerage Firm Accused of Misleading Elderly Clients

By Thisanka Siripala | 04/04/2025

Tachibana Securities allegedly misled around 50 elderly clients and encouraged excessive trading for commissions, the SESC said.