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INSIGHT: Banks warned of compliance risks as US issues $1.5bn fines for Russia sanctions breaches 

By PAUL O’DONOGHUE, Senior Correspondent INTERNATIONAL banks are bracing for further compliance risks after the US issued $1.5 billion for sanctions breaches last year. The US has imposed sanctions on at least 3,500 people, businesses, and entities related to Russia’s invasion of Ukraine since early 2022. These sanctions cover a range of actions, such as…

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