Violation Tracker UK Individual Case

Company: MUFG Securities EMEA plc
Current Parent Company: Mitsubishi UFJ Financial Group
Penalty: £8,925,000
Year: 2017
Date: 9 February, 2017
Offence Group: financial offences
Offence Type: internal controls deficiency
Violation Description: The PRA found that MUFG Securities breached Fundamental Rule 7 by failing to be open and cooperative with the PRA in respect of the potential implications of a settlement reached by Bank of Tokyo Mitsubishi UFJ Limited with the New York State Department of Financial Services. Bank of Tokyo Mitsubishi UFJ Limited, which like MUFG Securities was a subsidiary of Mitsubishi UFJ Financial Group, was also penalised (see separate entry).
Action Type: agency action
Agency: Prudential Regulation Authority
HQ Country of Parent: Japan
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)