News, Risk Management

Russian sanctions drive up UK banks’ workload 400%

By Ellesheva Kissin
Russian sanctions
Image via Getty

Some 900 financial institutions across the City have increased their compliance staff by an average of 268 per cent since the invasion of Ukraine, as banks grapple with a rising number of sanctions.

The “significant resource” allocation comes as more than £34bn — or 75 per cent ...

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