U.S. bank regulator reprimands Japan's MUFG over money-laundering lapses
Friday 22/February/2019 - 05:17 PM
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، according to Reuters.
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. Edited by Ahmad El-Assasy