AML / KYC

Japan Securities Firms Hit by Wave of Phishing Attacks

03/04/2025

Rakuten and SBI Securities are among the firms reporting unauthorised transactions linked to phishing attacks.

AML / KYC

Japan to Commence Bank-to-Bank Information Sharing Trial

03/04/2025

JBA-led study group to initiate the sharing of information on criminal accounts with a small number of banks in a trial environment.

ESG / Sustainability

Japan FSA Issues Updated Guidelines on Preparing Securities Reports

03/04/2025

The updated guidelines aim to improve the quality of disclosures related to sustainability, corporate governance, and risk management.

AML / KYC

RBNZ Publishes Research Spotlighting Barriers to Bank Account Access

26/03/2025

A survey found that a third of frontline staff report being unable to open a bank account for a customer often or very often.

Enforcement

ASIC Secures Court Victory in Unlawful Fees Case Against Payday Lender

26/03/2025

The court found that Sunshine Loans breached Australia’s credit laws by charging a fee to borrowers who sought to alter their loan repayment terms.

Securities / Derivatives

JSCC, Tradeweb Launch Swaps Clearing Connectivity

26/03/2025

The new connectivity eliminates the need for an affirmation process and is expected to improve efficiencies for buy-side firms.

Japan FSA Issues Revised Guidelines for Moneylenders

25/03/2025

The updated guidelines aim to improve system risk management, address fraudulent practices, and strengthen IT governance.

Market Infrastructure

Japan to Phase Out Cheques and Promissory Notes in 2027

25/03/2025

The JBA will discontinue its electronic clearing system for checks and promissory notes in April 2027.

Enforcement

Japanese Shinkin Bank Ordered to Rectify AML Failings

25/03/2025

Ugo Shinkin Bank didn’t implement the FSA’s AML/CFT Guidelines by March 2024 as required.