SINGAPORE -- Some of the largest financial institutions operating in Singapore are being punished for lapses associated with the fall of German payment services group Wirecard, after authorities found during a probe inadequate controls for money laundering.
Finance
Singapore punishes Citi, DBS, OCBC over Wirecard scandal
Regulator MAS slaps $2.8 million in penalties on financial institutions
Financial institutions in Singapore have been found in breach of regulations to counter money laundering and financing of terrorism. (Source photos by AP and Getty)
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