Anti-money laundering war prompts JP Morgan Chase blockchain network IIN to become popular in Japan

JP Morgan Chase's blockchain-based payment network IIN has attracted the most interest in Japan. Japan has long been accused of weak anti-money laundering measures. Daizaburo Sanai, executive director of JP Morgan Chase, said that more than 80 Japanese banks have indicated their willingness to join the Interbank Information Network. This number means that of the more than 360 lenders in the global network, the number of institutions from Japan is the largest.
Sanai said that Japanese banks may be seeking to use the platform to support anti-money laundering measures because it makes their selection of cash recipients "faster and more efficient." Sanai also said that JP Morgan Chase has begun implementing the IIN program outside Japan, and plans to go live in Japan as early as next January.