Japan issued disciplinary action against
This is the fifth disciplinary action Mitsubishi UFJ has received in less than a year. In December, U.S. regulators ordered the firm to improve money laundering controls at its New York branch, and last June, an executive in its Shanghai office was arrested on bribery charges.
In the current charges, Japanese regulators said the company placed about 100 erroneous mutual fund orders and didn’t explain the losses to customers or compensate them for those losses.