Thursday, May 27, 2010

Poiice to Share Yakuza Data with Financial Sector

Japanese police will share information on yakuza crime syndicates with the country's securities industry to help drive the mobsters out of the financial sector, police said Wednesday.

The National Police Agency will open its database of tens of thousands of names believed to be linked with organised crime to the Japan Securities Dealers Association (JSDA), police and the industry body said.

The new database will enable the industry body's 302 companies and 222 organisations, including banks and insurance firms, to check clients' backgrounds quickly.

Both sides are now working out how to set up the new system, the first such cooperation between national police and an industry body, and the Japanese Bankers Association is considering a similar database.

Members will be obliged to question clients on whether they belong to a crime syndicate and refuse to deal with known gangsters, police said.

Japanese police have a database of about 38,000 yakuza-affiliated individuals, while there are believed to be more than 80,000 gangsters, including low-ranking members, in Japan.


http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20100526-218629.html

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