Citibank Slapped With a $6,391,119 Fine Over Payments That Breached Sanctions on Russia

Britain's financial sanctions office penalized Citibank's London branch £4.73 million for processing 970 payments worth £19.7 million that made funds available to designated Russian entities. Most breaches occurred in 2022 after the invasion of Ukraine, with no intent found but significant operational failings cited. The post Citibank Slapped With a $6,391,119 Fine Over Payments That Breached Sanctions on Russia appeared first on The Daily Hodl.