crime

Mitsubishi UFJ fined $315 mil in U.S. over Iran sanctions violations

17 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2014 AFP

©2019 GPlusMedia Inc.

17 Comments
Login to comment

Takes a while and unless people see thou evil, U.S. will be controlling every aspekt of Japanese life. Has to be judged.

-2 ( +7 / -9 )

and so the white collar criminals in Wall Street are now bullying Japanese banks.

6 ( +12 / -6 )

As Japan has a relationship with Iran for oil and other natural resources, these fines are unfounded and just another cash grab. I wouldn't pay those crooks in the U.S. one single penny! You're only bullied if you let them. Like most bullies, they'll usually back down when confronted, and since the U.S. doesn't have many friends in Asia, it would be very unwise to bully your most important asset! Time for Japan to stop being victimized by the U.S. and China.

2 ( +8 / -6 )

Every game has its rules.

1 ( +3 / -2 )

Wanna bank in the US, play by US laws.

4 ( +8 / -4 )

It's time other countries stood up to the US and its increasingly large "fines" levied on their banks. This could be done by charging a tax on US financial institutions of equal amount to the "fines" imposed by the US.

-3 ( +4 / -7 )

Scrote, and the legal basis for such a tax would be.........?

0 ( +2 / -2 )

That Bank Regulator must not have been offered the amount of kick-back that he demanded.

-1 ( +1 / -2 )

It's easy to see how the US are out of recession, when they bully all the other competitors how they want, taking money from them in all the possible ways. Their rating agencies can also make a country bankrupt.

-2 ( +0 / -2 )

It's easy to see how the US are out of recession, when they bully all the other competitors how they want, taking money from them in all the possible ways. Their rating agencies can also make a country bankrupt.

Alex -- hogwash. In case you missed it, or just choose to ignore it, the U.S. just fined sevarl large U.S. banks, including Chase, BILLIONS -- that's right, with a "B" -- for manipulating the foreign exchange rates, including the yen. You really need to pick a subject, or at least a target, that you have a case to mak against.

-2 ( +1 / -3 )

the U.S. just fined sevarl large U.S. banks, including Chase, BILLIONS

So, what's wrong with it, when the money remain in the US anyway? Someday, when those banks will have some troubles, the government will save them with that money. Uh. It's a farce. If you can't see the difference, it's not my problem.

-1 ( +0 / -1 )

New York State Department of Financial Services said.

I often wondered where such 'fines' went.

http://www.buffalonews.com/city-region/albany-politics/french-bank-pays-22-billion-to-new-york-state-20140701

If you're lucky, the state can hit a jackpot.

http://www.dfs.ny.gov/reportpub/annual/dfs_annualrpt_2013.pdf

From $942,016,152 (Total Department Receipts for 2012) to $1,291,798,190 (Total Department Receipts for 2013)

-1 ( +2 / -3 )

Wanna bank in the US, play by US laws.

Absolutely. It may be a Japanese bank, but it is operating on American soil under American law. I dont like the way the US does certain things, but as long as I am here, I stick to the rules. Or I leave. Same as Japan.

This is not about bullying. This is about an organization blatantly flouting the rules, concealing it and getting caught, and now paying the same price that is applied to everyone else caught doing the same thing.

0 ( +2 / -2 )

Someday, when those banks will have some troubles, the government will save them with that money. Uh. It's a farce. If you can't see the difference, it's not my problem.

Alex -- since when is enforcing laws a farce? Respectfully, you should do some homework before you add two plus two, and come up with five. The 2015 spending for the U.S. government is $3.9 Trillion. The $315 million they are collecting from MFUJ gets lost in the rounding. But nice theory anyway.

-1 ( +1 / -2 )

Wanna bank in the US, play by US laws.

Absolutely. It may be a Japanese bank, but it is operating on American soil under American law. I dont like the way the US does certain things, but as long as I am here, I stick to the rules. Or I leave. Same as Japan.

This is not about bullying. This is about an organization blatantly flouting the rules, concealing it and getting caught, and now paying the same price that is applied to everyone else caught doing the same thing.

Yeah, if don't like US laws, don't bank in US. Simple.

0 ( +0 / -0 )

For those complaining about the crooks in the U.S. and the U.S. trying to control Japanese banking, well, you really do not understand how the sanctions came about, do you?

The sanctions are (were) created by the U.N. Security Council and even the EU has its own sanctions. It's not the U.S.

Don't let your anti-Americanism obfuscate the facts.

Many nations follow the sanctions and even impoose their own. Japan itself has imposed sanctions on Iran.

Jeez.

There is no disputing that the U.S is the aggresor for the sanctions and some of the sanctions are heavy-handed, if not authoratarian but they are needed. Ultimately, everyone is trying to prevent Iran from getting nukes. This is a good thing!

1 ( +1 / -0 )

"Iran sanctions"

Does this have anything to do with the Iranians edging ever closer to getting nuclear weapons and making all their women cover up from head to toe outside?

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites