27d ago

UK fines Citibank's London unit for Russia sanctions violations

September 2, 2026United KingdomCitibankRussia£4.7 million

The UK government fined Citibank's London unit £4.7 million (approximately $6 million) on September 2, 2026 for breaching Russia-related sanctions laws. The penalty targeted the US-headquartered bank's European operations for violations of international economic restrictions.

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