The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Apparent Violations of US Economic Sanctions Regulations Business Wire TOKYO -- December 13, 2012 The Bank of Tokyo-Mitsubishi UFJ, Ltd. ("BTMU") (President: Nobuyuki Hirano) has agreed to pay approximately $8.6 million to the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury to settle potential civil liability for apparent violations of OFAC's regulations from 2006 to 2007. BTMU conducted a self initiated internal investigation in 2007 of transactions involving countries subject to U.S. sanctions and reported the results of the investigation to OFAC. After a series of deliberations and consultations with OFAC, some of the transactions reported by BTMU were determined to be apparent violations of the OFAC regulations. BTMU continues to cooperate closely with all relevant regulators and is sincerely undertaking necessary actions. During this period, BTMU has fully reviewed its operations management framework, and OFAC has acknowledged that BTMU has undertaken significant remediation efforts. We are committed to continue improving our compliance and internal control frameworks. BTMU is committed to the highest standards of integrity and regulatory compliance. Contact: The Bank of Tokyo-Mitsubishi UFJ, Ltd. Akira Narumi, +81-3-3240-1111 Chief Manager Corporate Administration Division
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Announces Apparent Violations of US Economic Sanctions Regulations
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