Yakuza on hit list as U.S. cracks down on global organized crime

07/26/2011
By

TOKYO (majirox news) — Japan’s yakuza gangs are among the targets of a U.S. crackdown on organized crime syndicates around the world, according to a U.S. Justice Department report released July 25.

The yakuza, which has about 80,000 members across Japan and conceals criminal enterprises through fronts in legal businesses such as construction, real estate or finance, will now be liable to having any U.S. assets frozen and Americans being banned from doing business with them.

U.S. President Barack Obama, who on July 24 signed an executive order imposing sanctions on organized crime gangs including the yakuza, said in the 28-page report that transnational syndicates “have taken advantage of our increasingly interconnected world to expand their illicit enterprises.”

Justice Department officials said criminal organizations are increasingly sophisticated, do not care about borders and threaten the stability of the financial system and market competition.

kenji@majiroxnews.com

Share and Enjoy:
  • Print
  • Digg
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • del.icio.us
  • RSS
  • StumbleUpon

Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*