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Financial institution of Scotland fined £160,000 over account for sanctioned Putin ally | Lloyds Banking Group

greater by greater
January 27, 2026
Reading Time: 2 mins read
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Financial institution of Scotland fined £160,000 over account for sanctioned Putin ally | Lloyds Banking Group


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The UK’s sanctions watchdog has fined Financial institution of Scotland £160,000 for opening a checking account and processing funds for an ally of Vladimir Putin.

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Tags: accountAllybankBankingfinedgroupLloydsPutinSanctionedScotland
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