SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Wednesday (June 21) that it is imposing penalties on three banks— DBS, OCBC, and Citibank, as well as insurer Swiss Life. The penalties, amounting to S$3.8 million, are due to breaches of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. Singapore’s central bank … Continue reading MAS fines DBS, OCBC, Citibank & Swiss Life a total of S$3.8 million over Wirecard breaches