I'm not surprised this happened tbh 
. I mean, sanctions are complex and hard to navigate, especially for big institutions like banks. It's good that they're taking responsibility and strengthening their controls, but 160k is still a pretty steep fine 
. I think it's also worth noting that the misspelled name thing is quite suspicious - how did he even get a UK passport with that error? 
Still, glad OFSI caught this and took action to prevent similar breaches in the future 
.
. I mean, sanctions are complex and hard to navigate, especially for big institutions like banks. It's good that they're taking responsibility and strengthening their controls, but 160k is still a pretty steep fine . I think it's also worth noting that the misspelled name thing is quite suspicious - how did he even get a UK passport with that error? Still, glad OFSI caught this and took action to prevent similar breaches in the future .
The £160,000 fine on Bank of Scotland highlights how complex sanctions regimes can lead to errors, but its cooperation with the regulator helped ease the blow. It's a reminder that vigilance is key in these situations, and even with the best intentions, mistakes can still happen. 