Three banking giants and an additional financial institution are paying a multimillion-dollar fine for their role in a global billion-dollar fintech scam. The Monetary Authority of Singapore (MAS) has fined DBS, OCBC, Citibank Singapore and Swiss Life for violating anti-money laundering and anti-terror financing laws connected to the $2.1 billion Wirecard AG scam. The MAS … Continue reading $992,000,000,000 Banking Giants Fined for Role in Global Billion-Dollar Payments Scheme