crypto
In light of the current state of cryptocurrency transactions, the Financial Services Agency has been examining the state of systems related to cryptocurrencies, as outlined in the Financial Administration Policy for Fiscal Year 2024. They have compiled the results of that examination in the form of a discussion paper released
Insurance
The Financial Services Agency (FSA) has issued business improvement orders to four non-life insurance companies, namely Tokio Marine & Nichido Fire Insurance, Aioi Nissay Dowa Insurance, Sompo Japan Insurance, and Mitsui Sumitomo Insurance, pursuant to Article 132, Paragraph 1 of the Insurance Business Act concerning incidents of customer information leakage.
conduct
Japan Post Holdings, Japan Post, Japan Post Bank, and Japan Post Insurance confirmed cases in which non-public financial information on customers' savings was used at post offices to invite customers to visit the post office for the purpose of soliciting Japan Post Insurance products without prior consent from the
payments
In response to the advancement of financial digitalization, and to ensure user protection while promoting innovation, it is necessary to: * subject certain fund transfers involving the movement of funds from domestic to foreign locations or from foreign to domestic locations (where a person who has been entrusted by a creditor
supervision
The Bank of Japan (BOJ) annually establishes examination implementation policies. These policies are updated each year by the BOJ's Policy Board. In 2025, the policy document outlines the approach to onsite examinations and offsite monitoring of financial institutions. It emphasizes the importance of understanding changes in the financial
regulation
The Financial Services Agency (FSA) has published a draft summary of issues and practices for dialogues on verifying the effectiveness of anti-money laundering measures for public comment, due by Thursday, February 20, 2025. The FSA emphasizes a shift towards continuous self-assessment by financial institutions, coupled with in-depth dialogue with the
payments
On December 24, 2024, the 7th meeting of the Financial System Council's Working Group on Payment Services was held, reviewing a draft of the working group's report to be published in 2025. As background, the "Grand Design and Action Plan for New Capitalism" (Cabinet
crypto
In December 2024, the Liberal Democratic Party Digital Society Promotion Headquarters established a new "web3 Working Group" and started a system in which the experts who have been providing continuous advice from a professional perspective as WG members of the previous web3PT (web3 Project Team) will continue to