GERMANY REGULATOR RESETS DUE TO WIRECARD DEBACLE

HIGHLIGHTS

• BaFin is planning extra caution due to Wirecard financial fraud scandal.
• German government plans to equip BaFin with more power.

Germany’s financial watchdog BaFin is planning extra caution due to Wirecard financial ...

MONETARY AUTHORITY OF SINGAPORE ASKS WIRE CARD TO PULL BACK ITS OPERATIONS FROM SINGAPORE

HIGHLIGHTS

• The Monetary Authority of Singapore (MAS) has coordinated troubled German firm Wirecard to stop their payment gateways in Singapore and to restore every one of clients' assets by Oct 14.

In a news discharge on Wednesday (Sep 30),...

SINGAPORE CHARGES CHIEF OF CITADELLE IN WIRECARD ROW

HIGHLIGHTS

• As the Wirecard collapsed in June due to its missing money of 1.9 billion euros, many are speculated in the matter
• Citadelle director is among them, R Shanmugaratnam is being held for falsifying the amount details in escrow accounts in the ...

FINANCIAL CONDUCT AUTHORITY LIFTS RESTRICTIONS ON WIRECARD

Highlights –

• Financial Conduct Authority has lifted the restriction on Wirecard.
• Wirecard can now resume its payment activities.
• Wirecard had earlier disclosed of missing $2.13 billion from its balance sheet.
• Services were ...

WIRECARD FILED FOR INSOLVENCY AFTER BEING TROUBLED BY THE SCANDAL

Highlights –

• German payments company Wirecard has filed for insolvency.
• It plans to proceed with its business activities after being done so.
• Wirecard owes its creditors almost $4 billion; problem in the balance sheet.
• The ...

SINGAPORE’S GRAB AND GERMANY'S WIRECARD - BUDDING PARTNERSHIP ON BACKBURNER

HIGHLIGHTS

• Wirecard and Grab to pause the agreement done between them amid the money issues going on with the former
• Wirecard has falsely claimed its accounts, says Germany regulators as the declaration on missing money comes in 2020

Grab, a Southeas...

WIRECARD’S EX-BOSS HAS BEEN ARRESTED WITH REGARDS TO THE SCANDAL

Highlights –

• Markus Braun has been arrested with regard to the scandal.
• The ex-boss of Wirecard had resigned last Friday.
• The annual balance sheet reported missing $2.15 billion.
• On Monday, Wirecard admitted the $2.15 billi...

WIRECARD’S MISSING MONEY MAY NOT EXIST AFTER ALL

Highlights –

• Wirecard mentions that the missing money may not exist after all.
• Wirecard’s chief executive quit on Friday amid scandal.
• Central Bank of the Philippines denied receiving any money from Wirecard.
• The miss...

PHILIPPINES CENTRAL BANK DENIES RECEIVING ANY MONEY FROM WIRECARD

Highlights –

• Wirecard, German payment company under scandal.
• Wirecard seems to have been missing a sum of $2.1 billion.
• Philippines Central Bank denies allegations of being connected with the scandal.
• The Central Bank has n...

WIRECARD CEO RESIGNS AMID $2.1 BILLION MONEY CHAOS

HIGHLIGHTS

• Wirecard CEO Markus Braun moved out of the group as finger-pointing started
• Shares have gone a historic low and the company caught up in 2.1$ Billion cash fraud

Markus Braun’s put down his papers after allegations er...