What’s New on the FSA Website

Week of February 12, 2019 - February 15, 2019

This page contains the latest in events, developments, and updates to the FSA website.

Public Comments

(The following public comments are available in Japanese)

February 13, 2019

Publication of the draft amendments to the “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism”  < Summary> The FSA proposed the draft amendments to the “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).” The proposal mainly aims to further enhance financial institutions’ risk managements for AML/CFT by, among others, clarifying the customer risk assessment as a required action for financial institutions under the section of “Customer Due Diligence” of the Guidelines.

Press Releases

(The following press releases are available in English)

Councils

February 14, 2019	Publication of the “Report on the development of regulations for financial institutions regarding data utilization” by the “Study Group on the Financial System” under the Financial System Council

Banks

February 13, 2019	FSA publishes the status of loans held by all banks as of the end of September 2018, based on the Financial Reconstruction Act

(The following press releases are available in Japanese)

Others

February 15, 2019	Warning issued to SB101 that is operating the virtual currency exchange business without proper registration  < Summary> The FSA issued a warning to SB101 that is operating the virtual currency exchange business without proper registration in violation of the “Payment Services Act.”
February 13, 2019	New one-stop access to Dollar-Cost Averaging NISA related-information including statistics  < Summary> The FSA newly added a subpage to its website to provide one-stop access to Dollar-Cost Averaging NISA related-information. The subpage mainly shares the links to “Statistics of NISA accounts” (preliminary report) which includes the updated number of Dollar-Cost Averaging NISA accounts (where its number surpassed the one million mark in the fourth quarter of 2018), and a report which outlines the public-private promotional initiatives and efforts taken so far, as well as promotional videos.
February 8, 2019	Warnings about entities that are operating money lending businesses without proper registration  < Summary> The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.