TOKYO, March 2 (Xinhua) — A document 583,317 transactions of suspected cash laundering had been reported to Japanese authorities in 2022, up 53,167 from the earlier yr, National Police Agency knowledge confirmed on Thursday.
Of the overall, studies by banks accounted for 70 %, whereas these by funds switch service suppliers, which supply cashless fee providers, almost doubled to a document 20,271 circumstances, and people by cryptocurrency change operators jumped by 3,010 to a document 16,550.
Police made arrests or took different legislation enforcement actions on 994 of the overall circumstances, of which 130 concerned gang teams.
Under the Act on Prevention of Transfer of Criminal Proceeds, monetary establishments and others entities are obliged to inform the competent authorities of suspicious transactions which may be linked to cash laundering.