Bank of Scotland fined £160,000 over account for sanctioned Putin ally
Dmitrii Ovsiannikov, who had held senior roles in Russian government, used a variant spelling of his name to access UK banking systemBank of Scotland has been fined £160,000 by the UK’s sanctions watchdog after opening a bank account and processing payments for an ally of the Russian president,...
<p>Dmitrii Ovsiannikov, who had held senior roles in Russian government, used a variant spelling of his name to access UK banking system</p><p>Bank of Scotland has been fined £160,000 by the UK’s sanctions watchdog after opening a bank account and processing payments for an ally of the Russian president, Vladimir Putin.</p><p>Dmitrii Ovsiannikov, who became the first person to be <a href="https://www.cps.gov.uk/cps/news/sentencing-first-ever-uk-prosecution-russian-sanction-breaches">prosecuted for circumventing UK sanctions</a> last year, made 24 payments totalling £77,383 to or from a personal current account during February 2023.</p> <a href="https://www.theguardian.com/business/2026/jan/26/bank-of-scotland-fined-putin-ally-dmitrii-ovsiannikov">Continue reading...</a>
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