8397fa35_ening_ingredients___WHITERskin__2
[0] Liquorice extract/Licorice extract [1] Glabridin [3] A combination product of 0.4% licorice extract, 0.05% betamethasone, and 0.05% retinoic acid was found to be effective in the treatment of melasma. [4] Yes. [2] 
Inhibits tyrosinase activity (similar to kojic acid)
List of commercial skin lightening / skin whitening ingredients | WHITERskin
2