JAPAN NEEDS TO BOOST FIGHT AGAINST LAUNDERING BY YAKUZA – SAYS FATF
August 1st, 2021
JAPAN should be more proactive in investigating complex money laundering involving local organised criminal networks - the Yakuza, or Boryokudan - the Financial Action Task Force (FATF) has concluded.
In its latest mutual evaluation report, FATF concluded: “Japan regularly uses financial intelligence to investigate money laundering. However, it needs to focus on high level, complex cases that often involve organised criminal gangs…”
This matters given the scale of Japanese organised crime. While participant numbers have been shrinking, with active members ...
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