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Citibank fined £4.73 million by UK for Russia sanctions breaches

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  • Citibank N.A. London Branch was fined by OFSI for repeated Russia sanctions violations.
  • 970 payments worth approximately £19.72 million breached restrictions on frozen funds or designated individuals.
  • OFSI announced the penalty on September 2 after imposing it on August 11.
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Citibank fined £4.73 million by UK for Russia sanctions breaches - CoinPost Terminal