President Obama Signs Executive Order Freezing Yakuza’s American Financial Assets

President Obama Signs Executive Order Freezing Yakuza’s American Financial Assets
Yomiuri Shimbun: ヤクザ、米の金融制裁対象に…オバマ大統領署名
Yoshinari Kurose reporting from Washington July 26, 2011

On the 25th, while unveiling the US government’s new Strategy to Combat Transnational Organized Crime, President Obama labeled Japanese yakuza (organized crime groups) transnational criminal organizations engaged in narcotic and human trafficking and signed an executive order freezing their American financial assets.

This bill will freeze the financial assets of Japanese criminal organizations in the United States; that is, it forbids American people or groups from taking money out of accounts connected to the yakuza.

The executive order did not name any groups in particular, but according to the U.S. Department of the Treasury, there were about 80,000 yakuza members in 2008, and their main source of funding is the trafficking of narcotics. They cooperate with other East Asian criminal groups in the weaponry, prostitution, and slave trades and use dummy businesses like construction, real estate, and financial companies as fronts to legally bank their earnings, a form of intellectual crime. They deal drugs and launder money in the United States, as well.





(2011年7月26日11時54分 読売新聞)

Explore posts in the same categories: Business, Japan, Politics, USA


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