FINANCIAL SERVICES AGENCY

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    ESG / Sustainability

    Japan FSA Working to Enhance Transparency of Shareholders

    By Manesh Samtani | 19/06/2024

    Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.

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    AML / KYC

    Japan to Tighten AML Controls to Target Organised Crime

    By Manesh Samtani | 18/06/2024

    Prompted by a $444mn money laundering case, Japanese regulators will ask banks to do more to detect criminal abuse of accounts.

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    Crypto / Digital Assets

    Japan Regulator Issues Orders Against Crypto Firm CoinBest

    By Editors | 15/06/2024

    CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

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    Enforcement

    Japan FSA Considers Penalties for MUFG Entities

    By Editors | 15/06/2024

    Japan’s SESC has formally recommended penalties for three MUFG units for unauthorised sharing of client information.

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    ESG / Sustainability

    Japan Carbon Market Study Group Holds First Meeting

    By Editors | 12/06/2024

    Discussions centred around ensuring certification organisations are reliable and whether IOSCO’s recommendations should be adopted.

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    Capital / Liquidity

    Japan FIs Asked to Be “Sympathetic” When Covid Measures End

    By Editors | 12/06/2024

    FIs are asked to continue supporting business revitalisation efforts when the pandemic support measures expire at the end of June.

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    Securities / Derivatives

    Japan Designates Four Cities as Special Asset Management Zones

    By Editors | 07/06/2024

    The government will work with Tokyo, Osaka, Sapporo, and Fukuoka to develop an attractive environment for asset managers.

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    Enforcement

    Japan FSA May Take Action Against MUFG Entities – Report

    By Nithya Subramanian | 07/06/2024

    MUFJ Bank and two affiliated securities firms allegedly shared nonpublic client information without consent.

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    Crypto / Digital Assets

    Japan FSA Directs Crypto Firm to Report on $300m Theft

    By Editors | 06/06/2024

    The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

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    ESG / Sustainability

    Japan Forms Group to Examine Carbon Market Infrastructure

    By Editors | 06/06/2024

    The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

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