Sep 1, 2014

In exception, gangsters to be allowed to buy auto insurance

Property and casualty insurance companies plan to let crime syndicate members buy auto insurance so that victims can be compensated in the event a gangster causes an accident, industry sources said. The move comes as the financial sector is otherwise shunning dealings with organized ...

Mizuho to heed frontline troops

Jul 5, 2014

Mizuho to heed frontline troops

Mizuho Financial Group Inc.’s newly chairwoman says she wants to be receptive to the opinions of those running its frontline operations to boost the lender’s oversight structure in the wake of last year’s yakuza loan scandal. Hiroko Ota, who got the shareholders’ nod to ...

Nov 12, 2013

Banks halt loan flow to unaffiliated credit firms

Banks are scaling back loans through unaffiliated consumer credit firms that are not allowed to access their databases of gangsters and other antisocial elements. The moves follow recent revelations that Mizuho Bank, a unit of Mizuho Financial Group Inc, had extended loans to gangsters ...

Nov 5, 2013

FSA probes to learn if banks cut yakuza ties

The Financial Services Agency started its investigation Tuesday into the country’s three major banking groups, including scandal-hit Mizuho Financial Group Inc., focusing on measures to prevent ties to the underworld. The FSA will also examine if Mizuho deliberately submitted an incorrect report to the ...

Tougher law stifles mob but old cases nag

Nov 1, 2013

Tougher law stifles mob but old cases nag

Since the revised law against organized crime took effect a year ago, mob-related offenses appear to be on the wane in Fukuoka Prefecture, which was targeted by the amendment for escalating violence waged by three underworld syndicates. Police, however, have not made substantial progress ...