Mizuho Bank faces FSA rebuke for transacting illegal remittances

Japan financial authority wants group to set up system to prevent recurrence

20211118 Mizuho Bank

Japan's Mizuho Financial Group is expected to be issued with a business improvement order by the FSA. © Reuters

Nikkei staff writers

TOKYO -- Japan's Financial Services Agency will issue a "business improvement order" to Mizuho Bank and its parent company Mizuho Financial Group as a slap on their wrists for transacting illegal remittances, Nikkei has learned.

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