JapanThe U.K. and Japan issued a joint statement following the inaugural Financial Regulatory Forum between the two jurisdictions to strengthen cooperation, reduce the risk of market fragmentation, promote fair and competitive markets, and explore opportunities to enhance financial services.
Japan’s Financial Services Agency published a preliminary English translation of its Comprehensive Guidelines for Supervision of Major Banks as part of efforts to strengthen cooperation with overseas authorities on supervisory measures.
U.K. lawmakers target legal entities in Northern Ireland, Hong Kong arrests 16 suspected money launderers, and more, in the midweek roundup.
Russia tried to create illicit cryptocurrency haven in Spain, EU fines Ireland for disregarding AML directive, and more, in the midweek roundup.
Japan’s Financial Services Agency took administrative actions against Mizuho Bank, Ltd. and Mizuho Financial Group, Inc., ordering the institutions to strengthen governance procedures and certain anti-money laundering processes.
The Japanese Financial Services Authority announced the action against the Tokyo-based bank holding company for its failure to ensure sound and appropriate business operations.
| Technical | Effectiveness |
|---|---|
| Compliant : 4 | High : 0 |
| Largely Compliant : 24 | Substantial : 3 |
| Partially Compliant : 10 | Moderate : 8 |
| Non-Compliant : 1 | Low : 0 |
| Not-Applicable : 1 |
| Rank : 47/110 |
| Score : 4.99/10 |
| Rank : 19/179 |
| Score : 74/100 |
| Rank : 16/133 |
| Score : 66/100 |