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 Supreme Court overturned on Thursday an earlier lower court ruling by lay judges in Japan that sentenced parents accused of abusing and killing their daughter in 2010 to a harsher punishment than demanded by prosecutors. (Kyodo)
Japan's Emperor Akihito and Empress Michiko on Wednesday visited a temporary shopping center, opened after the March 2011 disaster, in the town of Minamisanriku in Miyagi Prefecture, northeastern Japan. (Jiji Press)
A group of residents from a village near the crippled Fukushima Daiichi nuclear power plant is planning to file for state arbitration so all villagers can be entitled to equal damages regardless of radiation levels of their areas. (NHK)
Inventor and performance artist Showta Mori has been getting a taste of internet fame recently for his videos featuring his quick-draw, arm-mounted iPhone sleeve gun, but that's far from his only creation or even his weirdest creation. (rocketnews24.com)