Six hundred financial institutions were fined a total of US$7 million for money laundering violations last year, state media reported. The People's Bank of China's center for monitoring and analyzing cases of suspected money laundering reviewed transactions worth US$10.8 billion in 2005. Those fined include the Shenzhen branch of Bank of Tokyo-Mitsubishi UFJ, which was asked to cough up US$150,000. No other institutions were named. In 2004, just 66 financial entities paid a total of US$212,000 in fines for money laundering violations.