AML Analytics’ white paper examines two OFSI enforcement cases resulting in £4.89m in penalties against Citibank and Bank of Scotland for sanctions-screening failures and gaps in payment controls

by | Oct 14, 2026

Citibank processed 970 payments worth approximately £19.7m, while Bank of Scotland processed 24 payments totalling around £77,000. The cases also highlight weaknesses in account restrictions, ownership checks and frozen-asset reporting. The paper urges firms to test...

Kodex’s ‘Impersonation Risk’ paper highlights how AI-driven impersonation of law enforcement exploits weak email controls in financial services, increasing data breach and compliance risks

by | Apr 10, 2026

The paper reveals how attackers are leveraging increasingly sophisticated, AI-driven tactics to craft highly convincing legal requests—exploiting the natural instinct of organisations to cooperate with authorities. It underscores that many firms remain reliant on...