New York state hit Japan's largest bank Bank of Tokyo Mitsubishi-UFJ with a $250 million fine Thursday for handling money transfers that violated sanctions on Iran, Sudan and Myanmar.
The state's Department of Financial Services (DFS) said Mitsubishi-UFJ moved billions of dollars through its New York branch between 2002 and 2007 for state and private entities in Iran, Sudan and Myanmar, including entities on the US Treasury's blacklist.
In that period banking services and money transfers fell under US sanctions on the three countries.
To hide them, the DFS said the bank employees "systematically" removed information from wire transfer messages that could have identified the parties involved.
In all, the bank handled nearly 28,000 illegal transactions worth $100 billion in violation of the law, according to the DFS.
Japanese actor Ken Watanabe was diagnosed with an early-stage stomach cancer, his agent said Tuesday, adding the actor, who starred in a Broadway musical in 2015, has already undergone endoscopic surgery to remove it. (Kyodo)
The yield on the 10-year Japanese government bond turned negative for the first time ever Tuesday afternoon amid global financial turmoil, with Japan becoming the second country after Switzerland with a negative benchmark long-term interest rate. (Kyodo)
The Japanese government decided at a cabinet meeting Tuesday to withdraw its recommendation of Christianity-related historic facilities and sites in Nagasaki and Kumamoto prefectures for addition to the UNESCO World Heritage List. (Jiji Press)
Following a stabbing incident that left one woman dead and another injured, Hokkaido Prefectural Police announced on Monday that a 30-year-old man is wanted in connection with the crime, reports the Yomiuri Shimbun (Tokyo Reporter)
The day before his arrest at his apartment for possession of stimulant drugs, former professional baseball player Kazuhiro Kiyohara visited a dealer in Gunma Prefecture, investigative sources revealed on Friday, reports Sports Hochi. (Tokyo Reporter)