Deutsche Bank, Citi fined by Singapore over Wirecard-related breaches, FT says

Deutsche Bank Singapore (DB) and Citigroup (C) are among the banks that have been fined by Singapore’s financial watchdog over the Wirecard scandal, The Financial Times’ Mercedes Reuhl reports. The banks, OCBC, and insurer Swiss Life Singapore have been fined a total of S$3.8M, or $2.8M, for breaching anti-money laundering and anti-terrorism financing rules, according to the report.