The National Police Agency signed a new cooperation agreement Thursday with nine major banks in Japan, in an effort to more efficiently track money that has been stolen in special fraud cases.
The agreement will allow prefectural police to inquire about specific bank accounts thought to be involved in fraud schemes and freeze them at quick notice, as part of authorities¡¯ latest bid to crack down on such fraud.
Under the new system, once a suspected case of special fraud is reported to the prefectural police, law enforcement will be able to file a request digitally for cooperating banks to freeze the account where the funds were deposited. That process can then be completed more promptly, possibly as soon as the same day.
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