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JAPAN
Enforcement
Japan FSA Suspends Audit Firm for Six Months for Misconduct
By Thisanka Siripala | 22/01/2025
The FSA said Aska Audit Corporation had weak audit quality controls, fabricated audit records and that its leadership lacked professional ethics
Enforcement
Mizuho Stops Accepting New Safe Deposit Box Customers
By Thisanka Siripala | 22/01/2025
The decision comes after an MUFG employee was arrested for stealing customers’ assets, putting the industry under heightened scrutiny
AML / KYC
Japan FSA Offers Guidance on Validating AML Effectiveness
By Thisanka Siripala | 22/01/2025
New discussion paper emphasises the importance of continuous validation to ensure AML/CFT measures remain effective against evolving risks
Enforcement
Former MUFG Bank Manager Arrested for Safe Deposit Box Thefts
By Thisanka Siripala | 18/01/2025
The former employee has reportedly admitted to the thefts, citing significant financial losses from FX trading and horse racing bets as her motive.
Crypto / Digital Assets
US, Japan, S Korea Issue Joint Warning Over DRPK Crypto Thefts
By Thisanka Siripala | 17/01/2025
North Korea’s cyber programme threatens the integrity and stability of the international financial system, the joint statement says
Fintech / Regtech
JSCC to Adopt Standardised Framework for Regulatory Reporting
By Thisanka Siripala | 17/01/2025
JSCC will start using ISDA’s Digital Regulatory Reporting for reporting to the FSA and CFTC starting in June.
Securities / Derivatives
Osaka Exchange to Launch New Natural Rubber Futures Contract
By Thisanka Siripala | 16/01/2025
The futures contract will based on the price of Natural Rubber Futures listed on the Shanghai Futures Exchange
Fintech / Regtech
Tokyo Enhances Execution Environment for Block Trades
By Thisanka Siripala | 16/01/2025
TSE participants can now use an IOI platform to quietly gauge market demand for large stock trades without revealing their intentions to other participants
Securities / Derivatives
JSDA Proposes to Revise Rules on Foreign Securities Transactions
By Thisanka Siripala | 16/01/2025
The proposed amendments aim to address the lack of a clear classification for some foreign securities transactions
Fintech / Regtech
JSDA Amends Rules to Streamline Digital Document Delivery
By Thisanka Siripala | 16/01/2025
The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.
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