Wirecard

Germany Reportedly Forming New Anti-Money Laundering Agency
Germany Reportedly Forming New Anti-Money Laundering Agency
March 29, 2023  |  AML

Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for...

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EU Cracks Down on Phone Number Masking to Protect Consumers
EU Cracks Down on Phone Number Masking to Protect Consumers
December 21, 2022  |  Fraud Prevention

Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment...

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Wirecard Scandal Trial Sees Chief Witness Deny Deleting Data
Wirecard Scandal Trial Sees Chief Witness Deny Deleting Data
December 21, 2022  |  Security & Fraud

A witness in the Wirecard scandal trial has denied deleting data and withholding information from prosecutors. Oliver Bellenhaus, who is the former head of Wirecard’s...

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Defendant Blames ‘Blind Loyalty’ to CEO in Wirecard Scandal Trial
Defendant Blames ‘Blind Loyalty’ to CEO in Wirecard Scandal Trial
December 19, 2022  |  Security & Fraud

A defendant and key witness in the Wirecard scandal trial has admitted guilt. Oliver Bellenhaus, the former head of Wirecard’s Dubai office and one of...

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Wirecard Execs Play Blame Game as Fraud Trial Continues
Wirecard Execs Play Blame Game as Fraud Trial Continues
December 12, 2022  |  Security & Fraud

The former boss of Wirecard is maintaining his innocence. Ex-CEO Markus Braun, who headed the German payments firm, is in the midst of a fraud...

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Wirecard Trial Sets Up FTX Parallels and Enron Echoes 
Wirecard Trial Sets Up FTX Parallels and Enron Echoes 
December 06, 2022  |  Digital Payments

Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might...

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Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
July 10, 2022  |  Security & Fraud

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913...

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PYMNTS Am Radar: Livestreaming Upset; Unexpected Pinches; Weakest Link; Healthcare Foundation; ICYMI
PYMNTS Am Radar: Livestreaming Upset; Unexpected Pinches; Weakest Link; Healthcare Foundation; ICYMI
July 05, 2022  |  Consumer Finance

Today is Tuesday, July 5 and on this day in 1946 — the first war-free summer since World War II ended in September 1945 —...

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Wirecard’s Stephan von Erffa Reportedly Admits Forging Documents for Audit
Wirecard’s Stephan von Erffa Reportedly Admits Forging Documents for Audit
July 04, 2022  |  Security & Fraud

Stephan von Erffa, Wirecard’s former head of accounting, has reportedly admitted to forging documents in the case that has been going on for several years...

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