WASHINGTON, Dec 18 (Reuters) - The Federal Reserve Board on Monday issued an order declaring the Bank of Tokyo-Mitsubishi UFJ Ltd and some U.S. units had inadequate anti-money laundering and Bank Secrecy Act compliance programs.
The cease-and-desist order, jointly issued with the New York State Banking Department, was accompanied by a written agreement with the bank and its New York branch to implement a new compliance infrastructure, and written procedures to adhere to the Bank Secrecy Act bolster anti-money laundering efforts, including a new transaction monitoring system.
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http://today.reuters.com/news/articlebusiness.aspx?type=bankingFinancial&storyID=nWAT006759&from=business
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