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Philippines’ anti-money laundering agency to investigate Wirecard scandal
- Monday | 29th June, 2020
MANILA (Reuters) – 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. The Southeast Asian country became involved after the German firm initially claimed it kept the $2.1 billion in two Philippine banks. Wirecard Philippines did not immediately respond to a request for comment. The central bank has said no money from Wirecard entered the Philippines’ financial system. The local lenders named by the German firm – the Bank of the Philippines Islands and Banco de Oro Unibank – have also said it was not a client.
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