The London branch of Deutsche Bank has been fined £165,000 (about US$221,000) for breaching the UK's sanctions regime against Russia.

The London branch of Deutsche Bank has been fined £165,000 (about US$221,000) for breaching the UK's sanctions regime against Russia.

Deutsche Bank has been handed a £160,000 fine after it was found to have processed two payments linked to a sanctioned Russian firm.