British Bank Says It Has Taken Steps to Prevent Future Sanctions Breaches

Vanquis Bank Limited, the British bank that the U.K. said failed to stop a newly sanctioned person from withdrawing money from their account (see 2509080008), has "taken steps to strengthen our screening processes to prevent similar incidents" in the future, a spokesperson said this week. The spokesperson also stressed that the U.K. government didn't impose a fine against the bank, the issue was self-reported, and the bank cooperated with the government's investigation.