The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

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

Published Tue, Jun 23, 2020 · 09:50 PM
Share this article.

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.

Wirecard's primary business activ…

SEE ALSO
Singapore-based Wirecard whistleblower building platform for others like him
GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

Monetary Authority of Singapore

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here