February 22, 2019
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.
(Reporting by Katanga Johnson; Editing by Michelle Price and Chizu Nomiyama)