Sanctions Breaches and Fines

Bank of Scotland, Logo from exterior building on George Street. It is a commercial and clearing bank based in Edinburgh, Scotland.

The Bank of Scotland OFSI Penalty and Compliance Lessons On 10 November 2025, the Office of Financial Sanctions Implementation imposed a £160,000 monetary penalty on Bank of Scotland for breaching the United Kingdom’s Russia financial sanctions regime. The penalty was published by OFSI on 26 January 2026 and highlights key sanctions screening and escalation failures […]