![Japanese Bank to Pay United States $315 Million in Laundering Case](http://townsquare.media/site/119/files/2014/11/Court-630x473.jpg?w=980&q=75)
Japanese Bank to Pay United States $315 Million in Laundering Case
New York regulators say Bank of Tokyo Mitsubishi UFJ will pay $315 million and some employees are being sanctioned for misleading the state about bank transactions that violated U.S. economic sanctions against several countries, including Iran, Sudan and Myanmar.
The state's Department of Financial Services says bank employees pressured a consultant, PricewaterhouseCoopers, to remove warnings to regulators in a report the bank submitted about the extent of illicit conduct.
In June 2013, Bank of Tokyo agreed to pay $250 million and have a year of special monitoring over how it handled about 28,000 U.S. dollar transactions totaling about $100 billion.
Two former bank compliance employees are banned from business involving any New York-regulated bank. A third sanctioned employee resigned.
Calls to the bank were not immediately returned.
More From Newstalk KGVO 1290 AM & 98.3 FM
![Missoula Weekly Crime Report: 12 of the 15 Cases Involved Violence](http://townsquare.media/site/119/files/2019/03/GettyImages-528059282.jpg?w=980&q=75)
![Man Allegedly Stole Checks From a Bank and Tried to Cash One Just Days Later](http://townsquare.media/site/119/files/2019/07/featured-image-84.png?w=980&q=75)
![UM Professors – Students To Japan To Study Effects Of Fukushima Disaster](http://townsquare.media/site/119/files/2017/05/Fukushima-Christopher-Furlong-Getty-Images.jpg?w=980&q=75)
![University of Montana Students Plan Fundraiser for Kumamoto](http://townsquare.media/site/119/files/2016/03/IMG_6273.jpg?w=980&q=75)
![70 Years After WWII, Japanese Firm to Apologize to U.S. Vets](http://townsquare.media/site/119/files/2015/07/vet.jpg?w=980&q=75)
![Missoula Woman Charged With Embezzling and Money Laundering [DOCUMENT]](http://townsquare.media/site/119/files/2014/10/embezzlement-iStockphoto.jpg?w=980&q=75)
![Nearly All Major U.S. Banks Pass Fed ‘Stress Tests’](http://townsquare.media/site/119/files/2014/03/quiz1.jpg?w=980&q=75)
![Montana Legislature Debates the Risks and Rewards of a State Bank](http://townsquare.media/site/119/files/2013/02/second-bank-of-the-U.S..jpg?w=980&q=75)
![Montana Beef Prices Likely to Rise After Japan Changes Trade Rules](http://townsquare.media/site/119/files/2013/01/American-beef.jpg?w=980&q=75)