No Bank Accounts For Gangsters

[Mulboyne]

Yomiuri: No accounts for gangs, banks say
The Japanese Bankers Association decided Thursday to instruct its 187 member banks not to allow gang members to open accounts, in an attempt to counter crime syndicates' money laundering activities...The JBA announced in November a policy of excluding crime syndicates from financial transactions, including loans. By prohibiting gang members from opening accounts, the JBA will strengthen its hand in excluding syndicates and other antisocial groups from banking services. Included in the ban are members and associate members of crime syndicates, companies that have close connections with crime syndicates and corporate racketeers. Banks will refuse to let them open ordinary savings accounts and current accounts, and will not provide safe-deposit boxes. The banks will refuse gang members' requests to open accounts even if the accounts are to be used for ordinary daily life, such as paying utility fees by automatic deduction. Bank accounts already set up by gang members will be canceled once banks confirm their identities, the JBA said...To ensure a consistent policy among member banks, the JBA will examine the creation of a database of people related to crime syndicates. Banks are now collecting such information individually...The JBA decided the entire banking industry must unite to exclude crime syndicates from banking services...more...

[Samurai_Jerk]

Yomiuri: No accounts for gangs, banks say
The Japanese Bankers Association decided Thursday to instruct its 187 member banks not to allow gang members to open accounts, in an attempt to counter crime syndicates' money laundering activities...The JBA announced in November a policy of excluding crime syndicates from financial transactions, including loans. By prohibiting gang members from opening accounts, the JBA will strengthen its hand in excluding syndicates and other antisocial groups from banking services. Included in the ban are members and associate members of crime syndicates, companies that have close connections with crime syndicates and corporate racketeers. Banks will refuse to let them open ordinary savings accounts and current accounts, and will not provide safe-deposit boxes. The banks will refuse gang members' requests to open accounts even if the accounts are to be used for ordinary daily life, such as paying utility fees by automatic deduction. Bank accounts already set up by gang members will be canceled once banks confirm their identities, the JBA said...To ensure a consistent policy among member banks, the JBA will examine the creation of a database of people related to crime syndicates. Banks are now collecting such information individually...The JBA decided the entire banking industry must unite to exclude crime syndicates from banking services...more...

I'm not against this in principle but it seems like there would be too much guess work involved and some possible violations of PIPL. Anyway, I'm sure they can always get some newbie chimpira to open accounts for them, so I'm not sure if this will be much more than a minor inconvenience.

[FG Lurker]

If the banks work together with the police and are actually serious about doing this it could be quite effective. It's damn near impossible to run a business of any size without a bank account.

[D chama]

Wow, if they can pinpoint exactly who these gangsters are AND gather enough info to suspend or deny them an account, then why do they seem to not have enough information to Prosecute them for their illegal dealings and money laundering?:confused:

[wuchan]

It's all show for the public. According to the FBI and wikipedia they own banks in the US and other countries.


And this:

A small article titled "Ministry of Finance and Yamaguchi Gumi" appeared inthe March 15, 1985 issue of the Insider newsletter. The article told the story of how MOF got involved with the gang.

Yamaguchi Gumi is Japan's largest organized crime based in Kansai in the western part of the country. At the time of Great Hanshin Earthquake about a year ago, a photograph was carried throughout the world showing the leader of thegroup handing out aid to neighbors around his mansion on a hilltop in Kobe city.

At the time of the article, MOF was troubled with a number of scandals involving mainly Sogo, mutual financing banks, based in Kanto in centralJapan. Sogo banks are small in terms of assets and have a weak management capacity. Many of them were encroached by Kanto-based yakuza, incurringmassive losses in failed stock and land speculation. They tried to have former MOF officials installed as managers in a bid to turn the tide and wash the Ministry's hands of the yakuza. But the Ministry was havingdifficulties in doing so.

The article by Insider said: "MOF at the end of 1984, through theunderground connections of former officials, requested the then leader ofYamaguchi Gumi, the late Takenaka Masahisa, to come to Tokyo and help kickout Kanto-based yakuza from Sogo banks.".....

[iHUMAN]

Bullshit article!

WTF??

[IkemenTommy]

Bullshit article!

WTF??

By "gangs," I am sure they are talking about the fuckin Yakz...

Anyway, I think the Yakz are having shitty cash flows and a hard time paying their bills on time these days.

[Western All Stars]

Wow, if they can pinpoint exactly who these gangsters are AND gather enough info to suspend or deny them an account...

Simple. If anyone comes in asking to open account with a tattoo then they are automatically a gangster/criminal. That or a foreigner.