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.
Economic damage from the recent strong earthquakes in Kumamoto Prefecture and nearby areas in southwestern Japan stands between some 2.4 trillion yen and 4.6 trillion yen, an estimate by the Cabinet Office said Monday. (Jiji Press)
Hyogo Prefectural Police have arrested a 67-year-old man for attacking a 61-year-old female neighbor and her daughter, who later died, at an apartment building in Amagasaki City, reports NHK (May 20). (Tokyo Reporter)