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AML / KYC
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
Crypto / Digital Assets
Japan FSA Commences Annual Cyberattack Drills with FIs
By Editors | 20/10/2022
The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
Enforcement
FSA Bars SMBC Nikko from Block Trades for 3 Months
By Editors | 09/10/2022
SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.
ESG / Sustainability
Risk Monitoring Needed for Non-Climate ESG Risks: FSA
By Manesh Samtani | 09/10/2022
Risk practitioners should establish risk monitoring systems that cover sustainability themes beyond climate change, said the FSA’s Satoshi Ikeda.
Capital / Liquidity
BCBS Finds Japan NSFR Compliant, Largely LEX Compliant
By Editors | 03/10/2022
Japan’s final NSFR rules took effect from 30 September 2021. The rules to implement the LEX framework came into force on 1 April 2020.
ESG / Sustainability
An Increasing Sense of Urgency
By ESG Investor | 03/10/2022
Satoshi Ikeda, Chief Sustainable Finance Officer at Japan’s Financial Services Agency, is targeting increased action among asset owners.
AML / KYC
Japan to Adopt Travel Rule in Crypto in May 2023 – Report
By Editors | 29/09/2022
The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.
Securities / Derivatives
Japan to Probe Retail Sales of Structured Products by Banks
By Editors | 22/09/2022
The FSA says many customers who were not sufficiently informed about the products they were buying have complained of “unexpected losses”.
Market Infrastructure
Japan FSA Proposes New Derivatives Reporting Guidance
By Editors | 14/09/2022
The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.
AML / KYC
Japan Regulator Orders Revolut to Improve AML Controls
By Editors | 06/09/2022
Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
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