Japan Eyes 300,000-Yen Limit on Daily ATM Use for Elderly
Japan’s National Police Agency is considering setting a ceiling of 300,000 yen per day on the amount of money elderly people can withdraw or send from automated teller machines, it was learned Tuesday.
The agency has consulted with the Japanese Bankers Association to revise the enforcement regulations of the criminal proceeds transfer prevention law in response to the increasing number of special fraud cases targeting the elderly.
Currently, banks voluntarily set the upper limit on cash withdrawals from ATMs at 500,000 yen per day, with no legal regulations.






