Mitsubishi Bank fined $8.6 mn for flouting US sanctions
- Published: 13 Dec 2012 at 10.46
- Online news: Asia
Mitsubishi UFJ, Japan's biggest bank, must pay US authorities a fine totaling some $8.6 million for flouting US sanctions on Iran, Sudan, Myanmar and Cuba, the US Treasury Department said.
Clouds are reflected in the window of the Mitsubishi Tokyo UFJ Bank (MUFG) in Tokyo in November 2009. Mitsubishi UFJ, Japan's biggest bank, must pay US authorities a fine totaling some 8.6 million dollars for flouting US sanctions on Iran, Sudan, Myanmar and Cuba, the US Treasury Department said.
Bank of Tokyo-Mitsubish-UFJ (BTMU) circumvented the sanctions between April 2006 and March 2007, Treasury said in a statement.
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