UK fines Citibank London unit £4.7m for Russia sanctions breaches
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Neutral summary
Britain’s Office of Financial Sanctions Implementation (OFSI) has fined Citibank’s London unit £4.7 million (€5.4 million) for breaching Russia-related sanctions. The regulator found that in 2022 the bank processed 970 payments worth about £19.7 million in violation of the restrictions and failed to freeze assets as required. The penalties stem from sanctions imposed after Russia’s invasion of Ukraine in 2022.
How it was framed
Outlets: 10. Countries: 4. Facts in the shared core: 2.
Publication timeline
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The Jerusalem Post (outlet profile)
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 Wedn…
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Politika (outlet profile)
Велика Британија казнила „Ситибанк Лондон” са 5,4 милиона евра због кршења санкција Русији. Од руске инвазије на Украјину 2022, Британија, САД и ЕУ увеле хиљаде санкција појединцима, ентитетима и бродовима
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Lenta.ru (outlet profile)
Британский банк оштрафовали за нарушение антироссийских санкций
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www.rbc.ru (outlet profile)
Британия оштрафовала Citibank на £4,7 млн за обход санкций против России. Власти Великобритании установили, что в 2022 году лондонское подразделение Citibank обработало почти тысячу платежей в обход антироссийских санкц…
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Insajder (outlet profile)
Britanski OFSI kaznio Sitibank London sa 5,4 miliona evra zbog kršenja sankcija Rusiji. Britanska Kancelarija za sprovođenje finansijskih sankcija (OFSI) kaznila je Sitibank London sa 4,7 miliona funti (5,49 miliona evr…
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City AM (outlet profile)
Citibank hit with £5m fine for violating UK sanctions on Russia. Citibank has been hit with a fine of nearly £5m after regulators found it violated the UK’s sanctions regime on Russia. The Wall Street giant’…
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Belfast Telegraph (outlet profile)
Citibank’s London unit fined £4.7m for breaching Russia sanctions
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The Independent (outlet profile)
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.
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Evening Standard (outlet profile)
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.
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ТАСС (outlet profile)
В Великобритании Citibank оштрафовали на $6,3 млн за нарушение санкций против РФ. Банк обработал 970 платежей на сумму $26,6 млн в нарушение санкционного законодательства
Factual core
- Citibank's London unit was fined £4.7 million for breaching Russia sanctions.
- The fine was imposed for 970 payments worth about £19.7 million that were considered to be breaches.