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Deutsche Bank Escapes £300k Fine After Russia Sanctions Breach

5/19/2026

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Summary

Story summary

Deutsche Bank avoided a £300,000 penalty, receiving a 45% discount after its September 2022 self-reporting of a sanctions breach under the new UK enforcement regime.
The London branch was fined £165,000 by the Office of Financial Sanctions Implementation for a 2022 Russia sanctions violation.
The violation involved two payments in June and July 2022 totalling about £635,619 to a Russian entity linked to a sanctioned party.

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Story summary

Deutsche Bank avoided a £300,000 penalty, receiving a 45% discount after its September 2022 self-reporting of a sanctions breach under the new UK enforcement regime.
The London branch was fined £165,000 by the Office of Financial Sanctions Implementation for a 2022 Russia sanctions violation.
The violation involved two payments in June and July 2022 totalling about £635,619 to a Russian entity linked to a sanctioned party.