Wirecard plunges into chaos; CEO arrested

June 24, 2020 - 12:00am

In what could be one of the biggest financial frauds of recent years, German payments provider Wirecard on Monday admitted that the $2.1 billion that auditors say are missing from its accounts likely “do not...

Business

Strengthen KYC protocols

By Lawrence Agcaoili | June 23, 2020 - 12:00am

The Bangko Sentral ng Pilipinas directed yesterday all banks and financial institutions to tighten the monitoring of their...

Business

Scandal-hit Wirecard says missing 1.9 billion euros likely 'gone'

Scandal-hit Wirecard says missing 1.9 billion euros likely 'gone'

By Agence France-Presse | June 22, 2020 - 3:35pm

Philippine banks were dragged into the issue when "spurious" bank documents showed the money was being held in local acc...

Business

AMLC ready to assist on Wirecard fund search

AMLC ready to assist on Wirecard fund search

By Ian Nicolas Cigaral | June 22, 2020 - 12:07pm

Currently, the central bank's investigation has centered on the falsified bank documents that made it appear that the money...

Business

Top lenders deny involvement in missing $2.1 billion Wirecard fund

Top lenders deny involvement in missing $2.1 billion Wirecard fund

By Lawrence Agcaoili | June 21, 2020 - 12:00am

The Bangko Sentral ng Pilipinas is looking into the alleged involvement of two of the country’s largest banks in a fraud...

Business

BSP probes 'spurious' documents tying BDO, BPI to accounting scandal

BSP probes 'spurious' documents tying BDO, BPI to accounting scandal

By Ian Nicolas Cigaral | June 19, 2020 - 5:42pm

“We are currently investigating the matter,” BSP Deputy Governor Chuchi Fonacier said in a text message when sought...

Business

Crisis deepens at Wirecard as auditor says $2.1 billion missing

Crisis deepens at Wirecard as auditor says $2.1 billion missing

June 19, 2020 - 4:18pm

German payments provider Wirecard's months-long crisis hit a new low Thursday, as auditors said 1.9 billion euros ($2.1 billion)...

Business

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