The U.K. Prudential Regulation Authority fined Bank of Tokyo-Mitsubishi UFJ, or BTMU, and its brokerage in London a record £27 million Thursday for delaying disclosure of a New York investigation for willfully violating U.S. sanctions.
New York's financial regulator Thursday said a Japanese bank must pay $250 million for breaking a state recordkeeping law-the second time the agency has used the rule against sanctions violators.
The U.S. Treasury Department's sanctions enforcement agency fined a Japanese bank nearly $8.6 million Wednesday for violating sanctions against Iran, Sudan, Myanmar, Cuba and weapons proliferators.
The Federal Deposit Insurance Corporation (FDIC) and the New York State Banking Department reprimanded the Bank of Tokyo's Mitsubishi UFJ Trust Company on Monday for "unsafe and unsound" practices in its New York branch.
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