UK fines Bank of Scotland £160,000 for Russia sanctions breaches

26 January 2026

UK fines Bank of Scotland £160,000 for Russia sanctions breachesSvet foto/Shutterstock.com

The UK Office of Financial Sanctions Implementation (OFSI) has imposed a £160,000 monetary penalty on the Bank of Scotland for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019. The bank dealt with and...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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