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Wirecard must keep customer funds from Singapore business in banks here: MAS

Wirecard shares dived after two Asian banks supposedly holding 1.9b euros of missing cash denied any business relationship with it.


BELEAGUERED payments provider Wirecard is required to keep customer funds arising from its Singapore business activities in banks here, said the Monetary Authority of Singapore (MAS) in a statement on Tuesday.

The German startup had to pull its 2019 preliminary financial...

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