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Featured Japan

‘Aphrodisiac’ of the ocean: how sea cucumbers became gold for organised crime

It’s after sunset in Jaffna when Anthony Vigrado dives into the waters of Palk Bay, scanning the seafloor to collect what seems to be prized treasure. What he comes back with are sea cucumbers – long, leathery-skinned creatures that are increasingly valuable and the source of his income for the… Read More

Japan’s Biggest Bank Rebuilds Tokyo HQ for Post-Pandemic Work

Japan’s largest bank will rebuild its 40-year-old headquarters in Tokyo’s financial district as the lender prepares for a post-Covid world that will also see some compliance roles shift to India. The new building will “significantly reduce” facility expenses for the financial group by bringing together about 19,000 workers who are… Read More

Japan extends its own North Korean sanctions another 2 years

AP — Japan extended its own sanctions against North Korea for another two years as Pyongyang continues to develop its nuclear weapons without any progress in resolving the abductions of Japanese nationals. Japan bans all trade between the countries and prohibits North Korean-registered ships from entering… Read More

3rd February 2021

Japan gets details on 2 mil. offshore accounts to combat tax evasion

Japan’s National Tax Agency said Tuesday it received details on around 2.06 million offshore accounts held by Japanese individuals and corporations in 86 countries and regions in the year to June 2020, under an internationally agreed standard to prevent tax evasion. It also released for the first time the total… Read More

18th January 2021

Japanese ex-minister Takamori Yoshikawa indicted for bribery

Former agriculture minister Takamori Yoshikawa was indicted Friday by prosecutors without arrest for alleged bribery charges, after receiving ¥5 million from the former president of Akita Foods, a Hiroshima Prefecture-based egg producer, over several years. Yoshikawa, 70, resigned as a Lower House member in late December over the… Read More

28th December 2020

French investigators to question Carlos Ghosn in Lebanon

AP — A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from Ghosn. Former… Read More

29th October 2020

Beam Suntory to pay $19 million to settle bribery probe

Beam Suntory Inc. has agreed to pay $19.5 million to resolve a criminal probe into bribes the maker of spirits allegedly paid to sell a line of its products in India, the U.S. Justice Department said. The settlement between Chicago-based Beam and federal prosecutors defers a charge that it conspired… Read More

14th October 2020

US, UK fight foreign bribery but most nations do very little

AP – An anti-corruption watchdog on Tuesday ranked the United States and United Kingdom as the largest exporters most active at enforcing rules meant to prohibit companies from paying bribes in foreign markets, but said many others are doing next to nothing. Berlin-based Transparency International said only four of… Read More

28th September 2020

Diacks’ $55m of suspicious bank transfers linked to Tokyo Olympic bid

More than $55m was transferred in and out of suspicious bank accounts linked to Lamine Diack, the disgraced former head of global athletics, and his son, Papa Massata, according to a huge leak of secret financial documents. Last week the Diacks were sent to prison for their part in… Read More

16th September 2020

Japanese crypto exchange accuses Binance of helping launder $9M from 2018 hack

A Japanese cryptocurrency exchange that suffered from a $60 million hack in 2018 is suing Binance for “aiding and abetting” the laundering of some of the stolen funds. According to a complaint filed by Fisco in the Northern California District Court on Sept. 14, the Japanese exchange alleged that soon… Read More

8th September 2020

How to run a criminal network in a pandemic

“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More

4th August 2020

Japan MPs push for Hong Kong sanctions bill in wake of national security law

Japanese politicians from across the political spectrum have set up a group to discuss a bill that would impose sanctions on foreign individuals and organisations that have committed human rights abuses, with particular attention being paid to Hong Kong. The group held its first meeting on Wednesday, with 30… Read More

11th June 2020

Two retired Navy officials plead guilty in ‘Fat Leonard’ bribery prosecution

Two retired Navy officials admitted Tuesday to corrupt conduct in the “Fat Leonard” bribery scandal, adding to the nearly two-dozen guilty pleas already entered in the long-running San Diego-based prosecution. Retired Capt. David Williams Haas and retired Chief Petty Officer Brooks Alonzo Parks were indicted separately on the same day… Read More

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