Terje Langeland at Businessweek reports on the Obama administration' crackdown on Japanese organized crime.
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Japan’s yakuza organized-crime groups, having operated openly in their home country for more than a century, are facing tougher treatment by an overseas foe: the U.S. Obama administration.
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The largest of Japan’s yakuza organizations, the Yamaguchi- gumi, and two of its leaders will have their U.S. assets frozen and transactions barred under sanctions announced yesterday by the Treasury Department. The group earns “billions of dollars” a year from crimes in Japan and abroad, including drug and human trafficking, prostitution, money laundering and fraud, the department said in a statement.
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Yakuza Godfather Kenichi Shinoda appears in the above photo.
