By Maya Lester KC & Michael O’Kane

UK amends Sberbank correspondent banking GL

On Friday, the UK amended General Licence (GL) INT/2022/1277778: “Correspondent Banking Relationships & Processing Sterling Payments” to authorise UK credit/financial institutions to continue a correspondent banking relationship with: Sberbank; or a UK or non-UK credit or financial institution which is owned or controlled directly or indirectly by Sberbank. A list of the UK’s GLs is available on the UK Licencing …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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