3 Dividends payment system for recovery from damage

  The Act on Damage Recovery Benefit Distributed from Fund in Bank Accounts Used for Crimes (Act No. 133 of 2007) was promulgated on December 21, 2007 and enforced in June 21, 2008. This Act aims at paying dividends for recovery from damage to victims of crimes such as billing fraud, etc. through providing procedures for the lapse of rights of the account holder of bank accounts used in crime and procedures for paying dividends for recovery from damage. This facilitates prompt recovery from financial damage caused by billing fraud, etc.