Deutsche Bank fined £165,000 for breaching UK's Russian sanctions regime
( May 19, 2026, 11:30 GMT | Official Statement) -- MLex Summary: Deutsche Bank has been fined £165,000 by the UK's Office of Financial Sanctions Implementation for breaching the country's Russian sanctions regime. The UK unit of Deutsche Bank processed two payments in 2022 on behalf of a customer to streaming platform Okko, which was owned by designated entity, the watchdog said. Deutsche Bank was eligible for a 45 percent discount in the penalty after voluntarily disclosing the payments in the case, it said.The Penalty Notice is attached....
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