The Treasury Department has imposed sanctions on Japan’s biggest yakuza group, an organized-crime syndicate that operates with relative impunity there and whose far-ranging criminal activity has become a significant concern in Washington.
In an announcement on Thursday, the department said it would freeze the American-based assets of the group, the Yamaguchi-gumi, and two of its leaders. It will also bar any transactions between Americans and members of the penalized crime syndicate. Yakuza have been tied to drug trafficking and other crimes in the United States, with particular prominence in Hawaii and California. The Treasury did not elaborate on the dollar value of United States-based accounts that might be frozen under the new sanctions.
Read the rest of the story: U.S. Penalizes Japan’s Largest Organized-Crime Group.