Violation Tracker Individual Record

Company: 
MUFG Bank Ltd.
Current Parent Company: 
Mitsubishi Group
Penalty: 
$33,000,000
Year: 
2019
Date: 
June 24, 2019
Offense Group: 
financial offenses
Primary Offense: 
banking violation
Violation Description: 

The Department of Financial Services entered into an agreement with MUFG Bank, formerly The Bank of Toyko-Mitsubishi UFJ Lt., under which MUFG agreed to pay $33 million to settle claims related to the conversion of state-licensed branches in New York, Illinois, and California and its state-licensed agency offices in Texas to federally licensed branches and agency offices.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.