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Bank of Tokyo - Mitsubishi UFJ

Bank of Tokyo - Mitsubishi UFJ

Industry: 
Banking
Value of USG Contracts: 
1
Symbol: 
NYSE:MTU
States: 
CA
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IL
KY
MA
MN
NY
OR
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WA
Country: 
Japan
Contact Information: 
Sources: 

"Two additional challenges are also in the mix for Tokyo. The first is the financing of oil imports from Iran. Annually, Japan’s oil trade with Iran runs around one trillion yen, or $13.1 billion. On January 19 the Nikkei Shimbun reported that 80 to 90 percent of those transactions are done by the Bank of Tokyo Mitsubishi UFJ, and the remainder by the Sumitomo Mitsui Banking Corporation." (CFR. "Japan's Iran Sanctions Dilemma," 1/31/12)

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the internet in July of 2007)

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"Three Japanese major banks will refrain from doing business with Iran's state-run bank in line with US financial sanctions, reports said Saturday. The Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. will not deal with Bank Saderat Iran, the Jiji and Kyodo news agencies said." (Kurdish Globe, "Japan banks to refrain from deals with Iran bank," 9/16/06)

Response: 

No response at this time.

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