
Online quick inquiry for fund transfers to start operation from October
AI-generated summary
As a special anti-fraud measure, the National Police Agency has been implementing a joint public-private framework with nine major banks since June, which allows for online inquiries about fund transfers in financial accounts.
The National Police Agency announced on the 30th that it has entered into new agreements with 11 financial institutions regarding a public-private joint framework that will allow police to quickly inquire about the movement of funds in financial accounts online in order to recover from and investigate special fraud. Operation will begin from October 1st. The program has been implemented since June with nine major banks, including megabanks, bringing the total number of participating financial institutions to 20.
Newly added banks include Sony Bank, au Jibun Bank, and Lawson Bank. The agreement allows prefectural police to make inquiries online through the National Police Agency regarding accounts used for fraud, thereby speeding up procedures. The aim is to prevent the outflow of damage funds.
According to the agency, more than 1,000 inquiries have been made since June. Several accounts suspected of holding criminal funds, such as victims' money, were frozen. The procedure, which previously took several days to several weeks, has been significantly shortened, and as a result of being able to quickly identify withdrawals from ATMs, there have been cases in which the early confirmation of security camera footage has led to the arrest of fraudsters.
AI outlook — possibilities, not facts
Operation will begin from October 1st with 11 new participating banks.
Very likely · Within days

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