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Deutsche Bank London Branch Fined £165,000 Over Russia Sanctions Breaches Linked to Hidden Ownership Structures
The Office of Financial Sanctions Implementation imposed a monetary penalty of £165,000 on Deutsche Bank AG London Branch on April 30, 2026, after determining that the institution committed serious breaches of UK financial sanctions regulations connected to the ongoing Russia conflict. Regulators concluded that the bank processed payment clearings that made significant funds available to an entity directly owned or controlled by a designated person. The case underscores the s
May 205 min read
Deutsche Bank Reports Potential Breach of Russian Sanctions Deposit Rules to Supervisors
On April 17th, Deutsche Bank has notified its supervisory authorities of a possible breach of sanctions rules restricting deposits held by Russian individuals to less than 100,000 euros ($117,940), according to a person with knowledge of the matter. The potential compliance issue was disclosed to supervisors after concerns emerged that some deposits may have exceeded the threshold established under sanctions measures targeting Russian individuals. The possible breach came to
Apr 212 min read
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