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Wirecard must keep customer funds from Singapore business in banks here: MAS

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Published Tue, Jun 23, 2020 · 09:50 PM

    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.

    WirecardMonetary Authority of Singapore

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