BaFin

Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud

Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

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BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
BaFin Head Says Regulator Had Limited Ability To Regulate Wirecard
July 01, 2020  |  Cybersecurity

The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Get the Full...

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Source: German Regulators Failed To Take Action On Wirecard Red Flags
Source: German Regulators Failed To Take Action On Wirecard Red Flags
June 29, 2020  |  Bank Regulation

Numerous regulators had discussions over the years about tightening supervision on Wirecard or adding it to a list of potential subjects for more investigations, but...

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Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs
June 28, 2020  |  Bank Regulation

As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial...

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European Union To Investigate German Regulator Over Wirecard
European Union To Investigate German Regulator Over Wirecard
June 26, 2020  |  Cybersecurity

The Wirecard scandal surrounding the German payment processor missing $2.1 billion has spilled over the border to Belgium. Get the Full Story Complete the form...

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Bitcoin Daily: Germany Stops Crypto ATM Company; Sweden Asks Ukraine To Act In Crypto Fraud Case
Bitcoin Daily: Germany Stops Crypto ATM Company; Sweden Asks Ukraine To Act In Crypto Fraud...
March 04, 2020  |  Bitcoin

The financial watchdog of Germany has put a stop to the operations of a firm that lets consumers use ATMs to purchase as well as...

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Authorities Demand Accounting Details From Germany’s Wirecard 
Authorities Demand Accounting Details From Germany’s Wirecard 
October 17, 2019  |  Cybersecurity

After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices,...

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How Merchants Can Brace For SCA’s Looming Deadline
How Merchants Can Brace For SCA’s Looming Deadline
September 12, 2019  |  Legal & Regulation

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