OFAC sanctions 6 associates of Japanese Yakuza syndicate

Yesterday (2 October), OFAC sanctioned 4 Japanese individuals (Utao Morio, Chikara Tsuda, Yasuo Takagi, and Katsuaki Mitsuyasu) and 2 Kobe, Japan-based companies (Yamaki, K.K. and Toyo Shinyo Jitsugyo K.K.), pursuant to Executive Order 13581, for being “associated with the Yamaguchi-gumi, the largest and most prominent Japanese Yakuza syndicate”. As a result, US asset freezes now apply to them. According to the US Treasury press release, this action marks the first time Yakuza-owned companies have been targeted by OFAC. See OFAC Notice.

OFAC also announced that the following Kingpin-Act-designated individuals have been de-listed from the SDN List: Denisse Buenrostro Villa; and Gabriel Jaime Aguilar Ramirez.

United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >