Treasury Sanctions Yakuza Clan

Thursday, September 27th, 2012


The US Department of the Treasury has sanctioned the Sumiyoshi-kai clan of the Japanese Yakuza organized crime network, and two of the Sumiyoshi-kai leaders. According to the Treasury, the Yakuza and its crime clans are involved in weapons trafficking, prostitution, human trafficking, fraud and money laundering. Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen stated that the goal of the sanctions was to disrupt criminal operations and dismantle their financial network.

Read more here.
Treasury press release.