Japan

PEPs & Sanctions

US, Japan, Korea to Collaborate on Technology Export Controls

By Editors | 26/04/2024

The launch of the “Disruptive Technology Protection Network” comes amid US calls for Japan and Korea to tighten controls on chip-related exports to China.

Anti-Money Laundering

FSA Launches AML Probe into Tokyo’s Kiraboshi Bank

By Mark Johnston | 25/04/2024

The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.

Market Risk

Japanese Banks Resilient Despite Interest Rate, Real Estate Risks

By Mark Johnston | 25/04/2024

BOJ said Japanese banks can withstand various financial stresses, but vulnerabilities warrant close monitoring.

Cybersecurity

BOJ, FSA Publish Results from Cybersecurity Self-Assessments

By Mark Johnston | 25/04/2024

The results reveal that challenges remain in securing and training cybersecurity personnel and managing third-party risks.

Trading & Investment

TFX Consults on Termination of Three-Month Euroyen Futures

By Mark Johnston | 25/04/2024

TFX seeks public comments on the termination of trading for three-month Euroyen futures by 7 May 2024.

PEPs & Sanctions

Japan, Korea, US Finance Ministers Hold First Trilateral Meeting

By Editors | 18/04/2024

The ministers agreed to “consult closely” on FX markets and to cooperate on financial stability and the use of sanctions.

Fraud, Scams & Cybercrime

Japan Attempts to Tackle Investment Scam Ads on Social Media

By Editors | 11/04/2024

A bill has been submitted to the Diet to implement requirements for social media platform operators to take action against false advertisements.

Trading & Investment

Japan Launches New Organisation to Boost Financial Literacy

By Editors | 09/04/2024

The new organisation will aim to enrich financial and economic education and contribute to improving financial literacy in Japan.

Anti-Money Laundering

Japan FSA Publishes Revised Version of AML/CFT FAQs

By Hiroshi Ozaki | 08/04/2024

The revisions were made to improve the sophistication of the risk-based approach and reduce prescriptive requirements.