Wirecard must keep customer funds from Singapore business in banks here: MAS
Add BT as a preferred source
Singapore
BELEAGUERED payments provider Wirecard is required to keep customer funds arising from its Singapore business activities in banks here, said the Monetary Authority of Singapore (MAS) in a statement on Tuesday.
The German startup had to pull its 2019 preliminary financial results and the first quarter this year, after auditors found 1.9 billion euros (S$2.98 billion) missing from its accounts.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
