Tag: assets

Law enacted to monitor asset shielding by religious corporations

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Japan's parliament enacted a law on Wednesday to strengthen monitoring of movements of religious corporation assets possibly subject to legal claims, as the nation moves to protect people caught up in exploitative donation solicitation practices like those employed by the…[Continue Reading...]

Bill passed to prevent controversial Japanese religious sect’s asset outflows

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TOKYO: Japan's lower house on Tuesday passed a bill to prevent the controversial religious sect Unification Church from moving assets as concerns grew that the religious group would attempt to hide its funds overseas as it faces compensation demands. The…[Continue Reading...]

Unification Church May Be Obliged to Notify Property Sale

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Tokyo, Nov. 15 (Jiji Press)--A project team of Japan's ruling coalition has called for obliging the controversial religious group Unification Church to notify authorities of any disposal of its real estate properties in advance, as part of efforts to ensure…[Continue Reading...]

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