Citibank Pays Heavy Sanctions Fine | Bermuda News

Citibank’s London branch just paid a £4.7 million fine after 970 flawed transactions totaling nearly £20 million slipped through sanctions cracks — including payments to Russian state firms and banks — amid the chaos of post-Ukraine invasion restrictions, with regulators calling it systemic, not intentional, as the bank ramps up global compliance efforts and prepares to fully exit Russia by late 2025. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b89a25fdbd0e24d9