The police, justice and financial services authorities have decided to do something about the black-market sale of bank accounts established for fraud crimes, according to National Police Agency officials.
There is currently no law prohibiting the unauthorized sale of bank accounts. The authorities are considering revising the law covering personal identification requirements, banning the sale of accounts without approval from relevant financial institutions and stipulating penalties for violations, the officials said.
"To prevent people from falling victim to such crimes, it is important to create a mechanism to make it impossible to buy and sell accounts inappropriately," NPA Commissioner General Iwao Uruma told a news conference on Thursday.