Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Sun, 12 Jul 2020, 11:31 PM

 

Thorough probe on Wirecard

Author:   |    Publish date:


MANILA: The Philippines’ anti-money laundering agency says it will 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 US$2.1bil 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.

The South-East Asian country became involved after the German firm initially claimed it kept the US$2.1bil in two Philippine banks.

Mel Georgie Racela, executive director of the Philippines’ Anti-Money Laundering Council (AMLC), said entities of interest include three local firms - Centurion Online Payment International, PayEasy Solutions and ConePay International.

“As we continue to monitor developments and dig further, we may be able to identify more entities and individuals, ” he told Reuters.

The Financial Times in March 2019 said the three firms were Wirecard partners.

Reuters could not determine their relationship to Wirecard.

 - Reuters

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

459  476  551  467 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PDZ 0.205+0.015 
 DNEX 0.25+0.035 
 DNEX-WD 0.04+0.02 
 TRIVE 0.01-0.005 
 PHB-WB 0.010.00 
 VSOLAR 0.055-0.015 
 DGB 0.045-0.005 
 AT 0.09-0.005 
 IRIS 0.28+0.005 
 PDZ-WB 0.05+0.005 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers