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UK Fines Citibank London £4.7 Million Over Russia Sanctions Breaches
British financial regulators have imposed a £4.7 million penalty on Citibank’s London division for failing to properly screen transactions against Russian sanctions. The fine underscores the UK’s strict enforcement of economic restrictions related to the conflict in Ukraine.
2 Sept, 10:02 — 2 Sept, 12:58
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (55/100)3 sources25/33
Spectrum spread— 3/5 buckets covered17/33
Far L1
Far Left (1)
The Independent
Left
Center1
Center (1)
Reuters
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Right (1)
jerusalem-post
Far R
Geographic diversity— 3 regions13/34
UK1Intl1Israel1
Sources
Showing 2 of 3 sources
The IndependentMostly Factual3h ago
Citibank’s London unit fined £4.7m for breaching Russia sanctions
In total, some 970 payments worth about £19.7 million were considered to be breaches.
By Anna Wise
Read full article →jerusalem-postMostly Factual6h ago
UK fines US-headquartered Citibank's London unit £4.7 million under Russia sanctions laws
The British government fined Citibank's CBNA London unit for breaching Russia-related sanctions laws, a notice confirmed on Wednesday.
Read full article →Coverage Timeline
First report: jerusalem-post · 2 Sept, 10:02|Full coverage: 3 · 3h|Window: 3h
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