Mitsubishi UFJ Financial

said Tuesday it received notice from U.S. regulators of the lifting of restrictions on its operations in the U.S.

The moves by authorities in San Francisco and New York allow Japan's largest bank to apply for financial holding company status and allow for the bank's potential expansion in the U.S. The moves revoke an order in 2006 that the company toughen anti-money laundering controls, the

Wall Street Journal

reports.

In a brief statement Tuesday, Mitsubishi UFJ said it "will continue our efforts to maintain and improve the effective program for preventing money laundering and terrorist financing."

Japan's largest bank on Monday reached an agreement to invest $9 billion for a 21% stake in

Morgan Stanley

(MS) - Get Report

.