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.
The government had lifted a vehicle ban on National Route 6 through the area where residency is restricted due to the crippled Fukushima No. 1 plant, the first time that stretch of highway has been open to automobiles since the nuclear crisis began in March 2011. (Japan Times)
The number of people aged 65 or older in Japan comes to a record 32.96 million as of Monday, accounting for an all-time high of 25.9 pct of the nation's total population, the Ministry of Internal Affairs and Communications estimated Sunday. (Jiji Press)
The Asahi Shimbun, under fire for erroneous reports on Japan's wartime military brothels and the testimony of the late chief of the Fukushima Daiichi nuclear power plant, revealed Sunday yet another scandal, saying it fabricated an interview with the president of Nintendo Co. (Kyodo)