General · 19 May 2026

London bank fined £165,000 for Russia rule breach.

A £165,000 penalty has been issued to the bank's London operations for breaking Russia sanctions rules. The UK Treasury's OFSI found the bank processed two payments in mid-2022, for a sanctioned Russian entity. These transactions, totalling £635,618.75, went to Okko, a streaming company owned by sanctioned JSC New Opportunities.

By BriefTea Editorial · 19 May 2026 at 16:26

Reported by Independent · How we write briefs

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