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AML / KYC
Japan Banks to Deploy Shared System for AML/CFT Monitoring
By Manesh Samtani | 22/07/2021
The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
Securities / Derivatives
Japan FSA Consults on Draft Guidelines for Social Bonds
By Manesh Samtani | 22/07/2021
The guidelines are aimed at promoting the issuance of social bonds by the private sector and preventing ‘social washing’.
Fintech / Regtech
Japan FSA Launches New Section to Oversee Crypto Regulation
By Sanday Chongo Kabange | 19/07/2021
The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.
AML / KYC
SFC Issues Warning on Unregulated Virtual Asset Platforms
By Editors | 18/07/2021
Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.
AML / KYC
Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
By Manesh Samtani | 14/07/2021
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
JBA Chairman Warns Against Divesting From ‘Brown’ Companies
By Ranamita Chakraborty | 06/07/2021
JBA chairman Makoto Takashima says stopping funding for “brown” companies could choke off investment necessary to achieve carbon neutrality.
AML / KYC
Japan to Form Cross-agency AML Team Following FATF Review
By Editors | 05/07/2021
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
AML / KYC
Binance Deploys New AML Solution Amid Regulatory Pressure
By Ranamita Chakraborty | 01/07/2021
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
ESG / Sustainability
Japan Panel Offers Recommendations on Sustainable Finance
By Sanday Chongo Kabange | 22/06/2021
The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.
Market Infrastructure
Japan FSA Considers Sanctioning Mizuho for System Glitches
By Ranamita Chakraborty | 15/06/2021
A new report from a third-party committee has attributed the bank’s system failures to poor corporate culture within Mizuho Financial Group.
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