CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Daily Hodl 2023-07-15 20:00:47

$992,000,000,000 Banking Giants Fined for Role in Global Billion-Dollar Payments Scheme

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 The post $992,000,000,000 Banking Giants Fined for Role in Global Billion-Dollar Payments Scheme appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.