News · 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

Get the app

More briefs

WorldTurkey, Saudi Arabia and Pakistan to discuss new mutual protection deal on Monday WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half Browse all stories →