U.S. bank regulator reprimands Japan's MUFG over money-laundering lapses
Reuters
Published Feb 22, 2019 10:03AM ET
U.S. bank regulator reprimands Japan's MUFG over money-laundering lapses
WASHINGTON (Reuters) - The U.S. Office of the Comptroller of the Currency (OCC) said on Friday that it had reprimanded MUFG Bank, Ltd. for lapses in its anti money-laundering controls, and other compliance issues, at its New York, Chicago and Los Angeles branches.
The Tokyo-based bank did not accept or deny the charges dating back to 2016. The bank has agreed "to take comprehensive corrective actions to improve their...compliance program," the OCC said in a statement.
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Written By: Reuters
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