Securities firms are now able to search a database that includes the names, birthdays, and genders of members of yakuza groups.
“Securities trading has become a means of fund-raising for gangsters,” said a representative of the NPA. “Our intention is to end this practice.”
The database will be accessible through the Japan Securities Dealers Association, which includes 270 companies.
In 2010, the association prohibited member firms from allowing organized crime members to open accounts.
Not only is the initiative expected to prohibit future transactions by yakuza members, it is also intended to find current account holders with gang ties, Jiji said.
Photo source: tenaciousme on Flickr