FINANCIAL SERVICES AGENCY

AML / KYC

AEON Bank President & Risk Head Dismissed Over AML Failures

By Thisanka Siripala | 15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies

Big Picture

Japan FSA Publishes Analysis of August 2024 Stock Crash

By Thisanka Siripala | 13/01/2025

The FSA said the crash was caused by several factors, including a thinning of the order book and a decline in algorithm-driven liquidity provision

AML / KYC

Japan to Enhance Information Sharing on Illegally Used Bank Accounts

By Manesh Samtani | 10/01/2025

Mizuho, MUFG Bank, SMBC, Resona Bank, Joyo Bank, and Bank of Nagoya are participating in a JBA-led study group to develop a new information-sharing framework

Crypto / Digital Assets

Japan FSA Outlines Tax Reform Proposals for Fiscal 2025

By Editors | 04/01/2025

The FSA aims to enhance the NISA system, simplify procedures related to tax treaties, and lower the tax on cryptocurrency gains.

Sanctions

Japan FSA Requests Self-Inspections from Crypto Exchanges

By Manesh Samtani | 02/01/2025

The JVCEA is asked to ensure member crypto exchanges assess their vulnerability to North Korean cyberattacks, focusing on wallet management.

Enforcement

Japan: Former FSA and TSE Employees Charged for Insider Trading

By Editors | 01/01/2025

The former judge traded on insider information obtained through his work for the FSA. The former TSE employee fed inside information to his father.

Enforcement

Japan FSA Identifies Two More Safe Deposit Box Thefts

By Editors | 30/12/2024

There are now three cases of employees embezzling customer assets from safe deposit boxes at financial institutions.

Securities / Derivatives

Japan FSA to Establish New Asset Management Division

By Editors | 30/12/2024

The FSA aims to develop the asset management industry as the fourth financial industry pillar alongside banking, securities, and insurance.

AML / KYC

Japan FSA Orders AEON Bank to Improve AML/CFT Systems

By Manesh Samtani | 27/12/2024

The FSA said AEON Bank neglected at least 14,639 transactions detected by its surveillance system and takes too long to report suspicious transactions