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.