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

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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 invasio…

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Citibank Slapped With a $6,391,119 Fine Over Payments That Breached Sanctions on Russia
The Daily Hodl 1h ago

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 invasio…