In the case of Wirecard has closed the circle: In February of last year, the police had, in the strict financial center of Singapore, the Action of the German shines through. "The investigations are comprehensive and go further," said the Central Bank is now more than a year later. In the meantime, the supervision of accounting and business (ACRA) and the Department for trade matters were involved in the affair, to take "other possible aspects of the case under the magnifying glass", as the Monetary Authority of Singapore (MAS) puts it. "We find evidence of criminal Action or other serious violations of money laundering laws, we will take tough action," it said at the Central Bank. The Philippine Anti-money-laundering authority, presented accordingly, a list of names and companies will be reviewed in the international vote.
Christoph Hein
Economics correspondent for South Asia/Pacific, based in Singapore.
F. A. Z.the same Time, Wirecard has informed, in Singapore, the MAS about it, still need to check whether they could conduct the business after the collapse of the German parent house. Wirecard companies, and top hotels in Singapore to your customers, is the settlement of credit card bills. The Central Bank called Wirecard, on Tuesday, to inform the authorities immediately, if this payment should services be interrupted. With Nets, SGQR, or Paynow Alternative would provide the customer.
Wirecard, However, is actuated by the MAS to have the requirements for separation of Accounts in the city-state as yet, met. Currently, the activities of Wirecard in Singapore are not licensed by the Central Bank, since there is a recognition period of up to one year. The Southeast Asian financial center has also given a huge amount of money inflow, among other things, by the growing problems in Hong Kong, as clean as possible to occur. He came not only through the search of the premises of Wirecard in 2019, due to the still largely unclear cooperation of Wirecard with the Singapore accounting company Citadelle Corporate Services, but especially through the role of its banks in connection with the disappearance of billions of the Malaysian state Fund 1MDB and the role of Goldman Sachs in this context, under pressure.
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