OFAC sanctions new Yakuza syndicate

tokyo-street-1OFAC has sanctioned a new Yakuza syndicate and 3 of its key executives, adding them to its SDN List under US sanctions targeting transnational criminal organisations.  President Obama first imposed sanctions on the Japanese Yakuza criminal network in 2011.

The newly designated Kobe Yamaguchi-gumi (KYG) and its core clan, the Yamaken-gumi, are said to be breakaway groups from the largest Yakuza organisation the Yamaguchi-gumi.  The 3 executives are the KYG’s leader Kunio Inoue, Lieutenant Osamu Teraoka, and Senior Official Takashi Ikeda, one of only 2 second-tier Yakuza affiliates to have been targeted by US sanctions.

OFAC’s press release is here.

This entry was posted in USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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