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.
Students, mothers and other protesters staged rallies at more than 200 locations across Japan on Sunday, calling for the scrapping of controversial security legislation that Prime Minister Shinzo Abe wants to enact to strengthen the role of Japanese forces abroad. (Kyodo)
HIROSAKI, Aomori - The tower of Hirosaki Castle, a state-designated important cultural asset, is being towed dozens of meters away from its original location as part of a project to repair its stone walls. (The Japan News)
A bogus smartphone tip spreading through tweets is causing a headache for the National Police Agency as users have been tricked into dialing the emergency number 110 in at least 22 prefectures. (Japan Times)