Japanese bank reaches $8.6mln settlement over U.S. rules violationDecember 13, 2012 - 10:03 AMT PanARMENIAN.Net - Japan's Bank of Tokyo-Mitsubishi UFJ has reached an $8.6 million settlement with the U.S. Department of the Treasury over a violation of U.S. rules forbidding the transfer of money to nations such as Cuba and Iran, according to The Associated Press. Bank spokesman Shinya Matsumoto said Thursday that most of the money went from Japan to Sudan and Myanmar in 2006 and 2007 via a third nation. The bank reported the transfers in 2008 after an internal investigation began in 2007. It has since taken measures to prevent a recurrence. HSBC this week agreed to pay a record $1.9 billion to U.S. authorities to settle a money laundering probe. American authorities said the bank had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |