JapanJapan’s Financial Services Agency publicized the English translation of its January 2024 newsletter, highlighting conferences, commentaries, and notices related to financial services and consumer protection.
Japan’s Financial Services Agency updated its FAQ regarding Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism issued in March 2021, last revised in August 2022.
Weekly Roundup: DFS Fines Winklevoss Brothers, Vietnam Eyes Digital Asset Ban, and More
Green Dot says it faces Federal Reserve monetary penalty, pig-butchering proceeds are laundered through largest crypto exchanges, and more, in the weekly roundup.
Binance used to skirt Chinese currency controls in Texas crypto miner purchase, French prosecutors investigate BNP Paribas over Cypriot custodial ties, and more, in the weekly roundup.
Weekly Roundup: Former FBI Spy Hunter Sentenced, ‘Pig Butchering’ Scheme Dismantled, and More
Japan FSA Issues Administrative Action Against Revolut Technologies Japan, Inc. for AML/CTF Failures
Japan’s Financial Services Agency announced an administrative action brought by the Kanto Local Finance Bureau against the Tokyo-based payment services company for regulatory shortcomings.
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.
| Technical | Effectiveness |
|---|---|
| Compliant : 4 | High : 0 |
| Largely Compliant : 29 | Substantial : 3 |
| Partially Compliant : 6 | Moderate : 8 |
| Non-Compliant : 0 | Low : 0 |
| Not-Applicable : 1 |
Japan's technical compliance was re-rated in a Oct. 24, 2023, follow-up report.
| Rank : 47/110 |
| Score : 4.99/10 |
| Rank : 19/179 |
| Score : 74/100 |
| Rank : 16/133 |
| Score : 66/100 |