TOKYO -- Japan's 10 major power utilities will collaborate with financial institutions to prevent the illicit use of bank accounts, part of the country's efforts to crack down on money laundering.
Cybersecurity
Japan banks to tap utilities' customer data to fight money laundering
Cybersecurity firm Caulis' data verification service prevents illicit bank accounts
Criminal organizations use fake names and addresses to open illicit bank accounts. A new service will help banks screen for such tactics. (Photo by Akira Kodaka)
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