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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

The Financial Conduct Authority has imposed a £44 million fine on Nationwide Building Society after identifying widespread and persistent weaknesses in its anti-money laundering controls over a period stretching from October 2016 to July 2021. According to the regulator, Nationwide failed to maintain adequate systems to ensure that customer due diligence and risk assessments for personal current account holders were kept up to date, while its transaction monitoring capabiliti