BTMU Pays New York $250M Over Iran Sanctions Violations

Law360, New York (June 20, 2013, 12:08 PM EDT) -- The Bank of Tokyo-Mitsubishi UFJ Ltd. will pay $250 million in civil penalties to New York state financial regulators for transferring money through the state for entities in Iran and other U.S-sanctioned countries, state officials said Thursday.

BTMU, one of the largest banks in Japan, paid to settle claims it had violated New York state law by routing $100 billion in transactions through the state from private and state-owned entities in Iran, Sudan and Myanmar, which are blacklisted by the U.S. Treasury Department's Office of Foreign...
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