(Bloomberg) -- Japan’s regulator plans to penalize a Mitsubishi UFJ Financial Group Inc. unit and two joint ventures as early as Monday for breaching client confidentiality rules, according to people with knowledge of the matter. Most Read from BloombergCar Dealerships Across US Halt Services After CyberattackCDK Tells Car Dealers Their Systems Likely Offline Several DaysPutin’s Hybrid War Opens a Second Front on NATO’s Eastern BorderUnited Airlines Jet Turns Back After Engine Piece Falls OffHed
FINMA rules that HSBC Private Bank (Suisse) violated money laundering regulations in connection with two unnamed politically exposed people.
Mitsubishi (MUFG) is undergoing scrutiny by SESC for exchanging confidential customer data on several occasions and breaching regulatory frameworks.