OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) announced that it has entered into a consent agreement with the New York State Department of Financial Services (“DFS”) to resolve issues relating to certain US dollar payments that were routed through New York from 2002 to 2007.

In 2007, BTMU self-identified the issues cited today by DFS, voluntarily and promptly ceased the practices, reported them to all of its regulators, and has been cooperating fully with its regulators on these matters.

Since 2007, BTMU has significantly improved its compliance policies and procedures. BTMU is committed to conducting business with the highest levels of integrity and regulatory compliance, and to continually improving its policies and procedures.

Under the terms of the agreement with DFS, BTMU will make a payment of USD 250 million to DFS.

BTMU will also retain a consultant approved by DFS to conduct a one-year compliance review of the relevant controls and related matters in BTMU’s current operations. BTMU will continue to work constructively with DFS, the compliance consultant, and all our regulators in our key markets around the world.