Banks have a new tool to bar underworld borrowers.
Starting Thursday, the Japanese Bankers Association said its members will be able to screen individual loan seekers using the National Police Agency¡¯s database of organized crime members.
Banks compile their own lists on yakuza and other so-called anti-social forces to keep undesirable persons from using their services to perform transactions. The police database, which is already available to the Japan Securities Dealers Association, could enhance banks¡¯ accuracy and efficiency when screening for gang members.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.