JAPAN

AML / KYC

Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors

By Mark Johnston | 19/12/2023

The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.

Securities / Derivatives

JPX Prepares for New NISA Launch in 2024

By Mark Johnston | 19/12/2023

JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Fintech / Regtech

Japan, Cambodia Agree to Establish Cross-border QR Payment Link

By Editors | 19/12/2023

Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

Sanctions

Japan to Ban Russian Diamonds in Latest Round of Sanctions

By Editors | 18/12/2023

Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.

Market Infrastructure

Japan Unveils Policy Plan to Reform Asset Management Industry

By Manesh Samtani | 15/12/2023

The plan is based on proposals from an asset management task force that was formed to develop recommendations for the government.

Enforcement

SBI Securities Accused of Manipulating Stock Prices – Reports

By Editors | 15/12/2023

SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.

Securities / Derivatives

Tokyo Bourse to Start Using Letters in Stock Codes

By Editors | 14/12/2023

All TSE listed securities are represented by 4-digit numbers. From 1 January 2024, letters will be used in stock codes for new listings.

Crypto / Digital Assets

Japan: Expert Panel Calls for CBDC Preparations to Start

By Editors | 14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.

Market Infrastructure

Japan Publishes Conclusions from Asset Management Task Force

By Manesh Samtani | 14/12/2023

The FSA published a report outlining proposals to develop Japan’s asset management industry and encourage households to invest their savings.