Run-amok compliance officers cost Bank of Tokyo Mitsubishi $315 million for sanctions report whitewash
Richard L. Cassin
November 18, 2014
The New York State Department of Financial Services (DFS) Tuesday levied $315 million in penalties against Bank of Tokyo Mitsubishi UFJ (BTMU) for misleading regulators regarding its transactions with Iran, Sudan, Myanmar, and other sanctioned entities.… Continue Reading