Britain Under Pressure: Sanctions Enforced, Gold Hoarded, and Putin's Veiled Threats

The UK's financial watchdog has delivered a pointed warning to global banks: our sanctions regime has teeth. Citibank's London branch was fined £4.7m (after a 20% discount for cooperation) for processing £19.7m in illicit transactions across 970 payments, including funds for a designated Russian individual linked to 24 frozen accounts. The Office of Financial Sanctions Implementation (OFSI) rated the case as...