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.
Tokyo Electric Power Co. said Wednesday that up to 6 tons of water have leaked after being processed with water-cleaning equipment at the Fukushima No. 1 power station at the center of the 2011 nuclear disaster. (Jiji Press)
Sony Pictures has canceled the Dec. 25 release of "The Interview" after hackers threatened terrorists attacks and the largest multiplex chains in North America pulled the film from its screens. (Japan Times)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)
Heavy snow caused a power outage along parts of the Joetsu Shinkansen Line for about six hours on Sunday morning, leaving some 300 passengers trapped in a bullet train for 2½ hours near the mountainous southern border of Niigata Prefecture. (Japan Times)