OFSI Fines Bank £165,000 For Processing Transfers To An Entity Wholly-owned By ...
Source: Mondaq
Published:
<p>The UK’s Office of Financial Sanctions Implementation has issued a Penalty Notice against the London branch of Deutsche Bank AG fining it £165,000.</p> <p>The fine related to two payments made in June 2022 and July 2022 that had been voluntarily reported to OFSI in September 2022. The “pace” of r