An article titled “Issues and Measures Regarding Fraudulent Use of Corporate Bank Accounts,” written by Takashi Osawa, was published in the November 2024 issue of “Ginko Jitsumu.”

Table of Contents

1. Recent cases of fraudulent use of corporate bank accounts

2. Relationship with anonymous and fluid criminal groups

3. Government’s request regarding prevention of fraudulent use of corporate accounts and other savings accounts and key measures

(1) Reinforcing prevention of fraudulent use at the time of account opening and grasping the actual situation
(2) Multi-layered detection focusing on users’ access environment, adequacy of the amount and frequency of transactions, etc.
(3) Completion and sophistication of detection scenarios and thresholds focusing on fraudulent use and modi operandi
(4) Expediting detection, subsequent confirmation with customers, and measures to suspend withdrawals, freeze or close accounts, etc.
(5) Information sharing and cooperation with other financial institutions and the police

Issues and Measures regarding Fraudulent Use of Corporate Bank Accounts (note – Banking Education Co., Ltd.)