Sept. 28 (Bloomberg) -- The U.S. Treasury said it imposed sanctions on Japan’s second-biggest yakuza gang for its involvement in weapons and drug trafficking, prostitution, fraud and money laundering.
The Tokyo-based Sumiyoshi-kai was targeted under an executive order to combat transnational criminal organizations, the Treasury said in a statement yesterday in Washington. Also sanctioned were the group’s leader Shigeo Nishiguchi and his deputy Hareaki Fukuda.
“Through this action, we will continue to work toward disrupting the criminal activities of the Yakuza and dismantling its financial network,” David Cohen, Treasury undersecretary for terrorism and financial intelligence, said in the statement.
President Barack Obama identified the yakuza syndicates as transnational criminal organizations in July 2011 and the Treasury has already imposed sanctions on the Yamaguchi-gumi, Japan’s largest gang.
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