Japan

Fraud, Scams & Cybercrime

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.

Tokenisation

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.

Fraud, Scams & Cybercrime

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.

Cybersecurity

JPX Investigates Potential Data Exposure After Email Security Breach

By Thisanka Siripala | 16/04/2025

A breach at email security services provider IIJ affected up to 4 million email accounts. JPX is assessing whether its own data was compromised.

Cryptocurrency

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.

Conduct, Culture & Accountability

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.

KYC & CDD

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.

Stablecoins

Japan’s SMBC Establishes Agreement to Commercialise Stablecoin

By Thisanka Siripala | 08/04/2025

SMBC signed an MoU with TIS, Ava Labs and Fireblocks to develop a framework for stablecoin issuance and circulation.

Anti-Money Laundering

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.