Nationwide network for fraud prevention 807 Sharing information with financial institutions - Preventing damage from spreading through public-private collaboration / National Police Agency

As a countermeasure against a particular type of fraud that continues to cause serious damage, the National Police Agency announced on the 5th that it will begin an initiative to provide financial institutions across the country with account information used in the fraud, and to immediately report anyone who has made a transfer to their own customers. It will be operational from the 9th. By identifying people who may have been deceived at an early stage and having police officers come into contact with them, the damage can be prevented from spreading further.

Special fraud damage: 181.6 billion yen in the first half, worst record of ``1 billion yen a day'' - Investment-type fraud increases significantly - National Police Agency

According to the National Police Agency, as of the end of September, the amount of damage caused by special fraud nationwide was approximately 261 billion yen, an increase of 48.3 billion yen from the same period of the previous year, and is trending at a faster pace than last year, which was the worst on record. In particular, damage caused by SNS-type investment scams and fake police scams is particularly noticeable.

In the new initiative, the National Police Agency will aggregate the accounts to which fraud victims identified by prefectural police are to be transferred, and share them through a file-sharing system with 807 financial institutions nationwide that have agreements with the agency. Each financial institution will respond to the National Police Agency with information such as name and address if there is a customer who sent money to the account in question using the transfer data.

There is a possibility that the sender is an unknown victim, and the relevant police officer will meet with them immediately to warn them and confirm the damage.

Previously, each prefectural police force had individually concluded similar agreements with local banks and credit unions. With the National Police Agency acting as an intermediary, and megabanks and online banks also joining, a system has been established to allow nationwide inquiries.