Financial Crime World

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Fintech and Financial Crimes in Japan: Experts Weigh In on Regulatory Challenges and Opportunities

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As the financial sector continues to grapple with the transformative effects of fintech, regulators in Japan are facing a daunting task: keeping pace with the rapid evolution of technology while ensuring that innovation does not come at the cost of increased risk.

The Regulatory Challenge

Regulators in Japan must navigate a complex landscape of technological advancements, increasing consumer demand for digital financial services, and the need to prevent financial crimes. In this article, we’ll delve into the challenges and opportunities presented by fintech in Japan, as discussed by experts from Atsumi & Sakai.

The Fintech Ecosystem in Japan

Yuri Suzuki and Hiroyuki Sanbe, partners at Atsumi & Sakai, will present on the state of the fintech ecosystem in Japan. Their discussion will cover:

  • The roles played by regulators, industry leaders, organizations, and other stakeholders in shaping the fintech landscape
  • Recent changes to the Banking Act and Payment Services Act
  • New legislation for virtual currencies

Regulatory Issues and Opportunities

Suzuki and Sanbe will also discuss regulatory issues that fintech innovators must navigate, including:

  • Compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations
  • Ensuring data security and protecting consumer information
  • Navigating the complex web of laws and regulations governing financial services

The Future of Fintech in Japan

As fintech continues to disrupt traditional financial services, Suzuki and Sanbe will share their views on how the industry will develop in Japan in the coming years. With a fit-for-purpose regulatory system in place, regulators can ensure that innovation is balanced with risk management.

Event Details

The seminar series on fintech is part of a ongoing event series hosted by [insert organization]. Registration for the event is required. To secure your spot, please log in or register now.