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. Dmitrii Ovsiannikov, who became the first person to be prosecuted for circumventing UK sanctions last year, made 24 payments totalling £77,383 to or from a personal current account during February 2023. The Russian, who the UK government has included on its sanctions list, held senior positions in Russian government such as being the former governor of Sevastopol, in Russian-occupied Crimea. On 21 November 2017, the European Union made Ovsiannikov a designated
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