Tag: fraud
German finance watchdog defends agency amid Wirecard scandal
The head of Germany’s financial watchdog defended the agency amid growing criticism over Wirecard AG’s collapse.
German watchdog under EU scrutiny as it widens Wirecard investigation
FRANKFURT — The European Union’s markets watchdog said on Wednesday that it was reviewing Germany’s financial reporting set-up in the wake of Wirecard’s collapse...
US DoJ examining Wirecard as part of probe into alleged bank-fraud...
The US Department of Justice is examining whether German payment company Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.
Wirecard’s Philippine business partners under probe, FT says
Philippine regulators are investigating Wirecard AG’s local partner businesses which could establish the full extent of the country’s exposure to one of Europe’s worst accounting scandals, the Financial Times (FT) reports.
‘Total disaster’: Phantom billions plunge Wirecard into chaos
FRANKFURT/MANILA — Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole...
Boosting Filipinos’ financial literacy, one program at a time
The Philippines has a financial literacy problem. Citing a 2015 survey by the World Bank, the Bangko Sentral ng Pilipinas (BSP) noted in a...
A long history of Philippine customs excellence
Even as the Bureau of Customs celebrates its 117th year anniversary today, its task of overseeing trade in the country dates back to even...
DoJ warns public against fake website claiming to be gov’t procurement...
The Justice department cautioned everyone against a fraudulent organization claiming to be part of the government in order to illegally solicit money and conduct...
Investors beware: SEC raises red flag over Paysmart
The Securities and Exchange Commission (SEC) has issued a warning to the public against investing in Paysmart Limited Philippines, a company which claims to...
Visa says over 5 million payments affected by June outage
London, United Kingdom -- Payment systems giant Visa said Tuesday that a massive technical glitch earlier this month had affected 5.2 million card transactions,...
Security Bank, RCBC roll out online card lock feature
CUSTOMERS of Security Bank Corp. and Rizal Commercial Banking Corp. (RCBC) now have the option to employ online card locking to prevent thieves from...
BSP looking into Metrobank ‘internal fraud’
By Melissa Luz T. Lopez, Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) is currently looking into internal lapses that led to a reported P900-million...
