Japan police share scam account data nationwide to curb fraud

Japanese police are sharing scam account data nationwide to stop massive financial fraud losses.

Japanese authorities are sharing fraudulent bank account data nationwide with financial institutions to prevent further financial damage from scams. The nationwide data sharing initiative comes as financial fraud losses continue to surge across the country. Total losses reached a provisional 261 billion yen between January and September.

• The data sourceThe National Police Agency is coordinating the nationwide distribution of fraudulent account information.
• The financial tollLosses recorded between January and September reached 261 billion yen, putting the yearly total on track to surpass previous records.