The Philippines' anti-money laundering agency on Monday said it would conduct a 'swift and thorough' investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest.
MANILA - The Philippines’ anti-money laundering agency on Monday said it would conduct a “swift and thorough” investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest.
Wirecard’s collapse last week and admission that $2.1 billion of its cash probably didn’t exist came after auditor EY refused to sign off on accounts for 2019, adding there were clear indications of an elaborate fraud involving multiple parties around the world. Mel Georgie Racela, executive director of the Philippines’ Anti-Money Laundering Council , said entities of interest include three local firms - Centurion Online Payment International, PayEasy Solutions and ConePay International.
The central bank has said no money from Wirecard entered the Philippines’ financial system. The local lenders named by the German firm - the Bank of the Philippines Islands and Banco de Oro Unibank - have also said it was not a client.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
German development bank could lose 100 million euros from Wirecard insolvencyGermany's state development bank KfW could lose 100 million euros ($112.17 million) after payments company Wirecard filed for insolvency, a spokesman said on Saturday.
Weiterlesen »
Germany's beleaguered Wirecard to proceed with business after insolvencyWirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly.
Weiterlesen »
Philippines investigates Wirecard's missing $2 billion - Financial Times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
America's Best Banks In Each State 2020Forbes partnered with market research firm Statista to produce our third annual look at the Best Banks In Each State to gauge whose customers gave their banks the highest grades.
Weiterlesen »
3 Great Canadian Landscapes to Take Style Inspiration From This SummerLooking for a little summer fashion inspiration? Take your cues from three of Canada's most stunning locations for your next look.
Weiterlesen »
These Stunning U.S. Beaches Will Make You Want to Book a Vacation ImmediatelyThe 20 Best Beaches in the U.S. for Travelers Looking to Stay Local This Summer
Weiterlesen »