Deutsche Bank’s London branch fined £165,000 for breaching Russia sanctions

Deutsche Bank’s London branch has been fined £165,000 for breaching Russia sanctions rules (Philip Toscano/PA) - (PA Archive)

Deutsche Bank’s London branch has been fined £165,000 by a UK Treasury body for processing payments that breached Russia financial sanctions rules.

The global financial firm processed two payments linked to a sanctioned Russian entity in June and July 2022, the Office of Financial Sanctions Implementation (OFSI) said.