Citibank Hit with £4.7M Sanctions Fine | Business and Finance News

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded03 Sep 2026

Publisherfeeds.acast.com ↗

Handlerec:20240995

Show notes

Citibank’s London branch just paid a £4.7 million fine for serious sanctions breaches—processing payments that helped sanctioned Russian entities after the invasion of Ukraine. While regulators say it wasn’t intentional, the errors fatally undermined the sanctions’ purpose. This isn’t Citibank’s first rodeo; past warnings and recurring issues made this penalty unavoidable—a stark warning to banks: compliance isn’t optional. 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/552df7a2670318bd

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.