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An 18-year-old teenager was arrested in Osaka City for violating the Act on Prevention of Transfer of Criminal Proceeds, or creation and use of private electromagnetic records.
The boy allegedly bought electronic money accounts through SNS, and police believe it may have been used for money laundering. He made a post offering to pay 3,000 yen for introducing people who wanted to sell their accounts, and have account holders register his cell phone number so that he could use the accounts himself.
