ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Money laundering spikes in Japan as global crime moves in

Record number of cases uncovered last year, police report shows

Japanese yen notes are piled atop U.S. dollar bills. Criminal groups may see Japan as an easy place to disguise illicit gains, a police source said.   © Reuters

TOKYO -- Japanese police have uncovered a record number of money laundering cases, some of which involved international criminal networks using bank accounts in the country, a new report shows.

Incidents of money laundering rose about 40% on the year to 511 in 2018, topping 500 for the first time in data going back to 2000, according to the 2019 police white paper published Monday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more