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 US$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. The Southeast Asian country became involved after the German firm initially claimed it kept the US$2.1 billion 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. PayEasy did not immediately respond to e-mails and its telephone number was disconnected. Centurion’s number was out of service and ConePay could not be reached… Read full this story
- Probe as money paid to firm council later realised was dissolved
- Wirecard’s problem partners
- Wirecard shares soar as head office cleared of wrongdoing following fraud allegations
- Long way from Tipperary: how to build a €20bn firm
- LOCAL ELECTION: Budget
- Major city gridlocked as Welsh construction firm 'fails to pay workers'
- Dawnus construction firm 'going into administration'
- Police probe motorhome fraud claims
- ‘I lost my £150,000 life savings to Facebook investment scam and now I have to sell my home’
- Young people and their phones are shaking up banking
Philippines promises 'thorough' probe of Wirecard, looking at 3 local payment firms have 285 words, post on www.channelnewsasia.com at June 29, 2020. This is cached page on Vietnam Dance. If you want remove this page, please contact us.