Financial Services Agency
The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
- Disclosure matching Supervision number matching
- Disclosure time 2020-09-18
- Reason for punishment An outsourcing company that manages the personal information of our customers has been illegally accessed by a third party, and a large number of personal information (names, dates of birth, addresses, e-mail addresses, etc. of 750 customers) for 38,026 customers Including image data such as identification documents such as driver's licenses, passports, individual number cards, etc.)))), sufficient recurrence prevention measures have not been taken regarding system risk management and outsourcing contractor management.
Administrative action against Saxo Bank Securities Co., Ltd.
Sanction
Sanction
Sanction