MUFG Union Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Mexican exchange-house money-laundering settlement
Union Bank agreed to pay $31.6 million in penalties and forfeitures to resolve government claims that it had been involved in an elaborate drug-money-laundering scheme involving Mexican casas de cambio.
2004
Federal Reserve money-laundering agreement
The Federal Reserve Board announced that Union Bank had entered into a written agreement connected with allegations and concerns involving money laundering. The agreement was described as intended to avoid criminal prosecution.