Saturday 20 Apr 2024
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SINGAPORE (June 29): In response to queries, a Monetary Authority of Singapore (MAS) spokeswoman confirmed that its white-collar crime unit, the Commercial Affairs Department (CAD), had commenced criminal investigation into Wirecard’s Singapore operations back in February 2019.

"The investigations are extensive and ongoing. In view of recent developments in Wirecard AG, the MAS and the Accounting and Corporate Regulatory Authority (ACRA) are collaborating with the CAD to scrutinise other possible aspects of the case.

"Due to the cross-border nature of some of the transactions, Singapore authorities have reached out to relevant foreign authorities for further information and also stand ready to assist investigations by foreign authorities where requested ... (click on for full story on theedgesingapore.com).

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