A scandal broke out revealing the longstanding links between Iwaki Shinkumi, a Japanese credit union, and anti-social groups often associated with criminal organizations. These undisclosed relationships have been building for years unnoticed. The details regarding the length of time and extent of these connections remain unclear. Backlash against Iwaki Shinkumi from the society and the authorities is expected.
The issue of ties with anti-social forces is majorly frowned upon in Japan due to their association with criminal activities. Japanese society places high value on transparency, ethical conduct, and adherence to the law, hence the scandal can carry heavy social and legal repercussions.
In the US or EU, similar issues of organizations having undisclosed ties with potentially harmful groups also lead to significant legal consequences, denouncement from society and potential dissolution or heavy sanctions imposed on the entity involved.