Citibank fined £4.7m over London branch's Russian sanctions breaches
By Martin Coyle ( September 2, 2026, 10:27 GMT | Insight) -- CitiBank has been fined £4.7 million by the UK’s sanctions enforcer over breaches by its London branch of the country’s sanctions rules related to Russia. In total, Citibank was found to have processed 970 payments with a total value of £19.7 million. The fine is the largest so far imposed by the Office of Financial Sanctions Implementation for sanctions breaches. CitiBank has been fined £4.7 million ($6 million) by the UK’s sanctions enforcer over breaches of the country’s sanctions rules related to Russia....
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