Articles with tag: scandal

Found 12 results in 175 milliseconds.

Wirecard Card Solutions announces plans for company's future, with Railsbank key part of the plan

28 Aug 2020 | Cards

Wirecard Card Solutions has announced its plans for reaching a solvent wind-down of the business.

Wirecard Card Solutions, Railsbank, open banking, cards, acquisition, payments, Wirecard scandal, UK

Deutsche Boerse removes Wirecard from DAX index

21 Aug 2020 | Payments General

Deutsche Boerse has announced that Delivery Hero will replace insolvent Wirecard on Germany's blue-chip DAX index, after an accounting scandal that toppled the fintech company.

Germany, Wirecard scandal, accounting fraud, fintech, payments, index, DAX, Deutsche Boerse, Delivery Hero

Commodity trade finance faces difficulties in revenues following scandals

14 Aug 2020 | E-invoicing, SCF & E-procurement

Commodity trade finance has observed slumping revenues in the second quarter of 2020 as some banks pulled the plug on their operations following scandals, according to fnlondon.com.

commodity trade finance, trade finance, revenue, scandal, banks, Coalition, Hin Leong Trading, Singapore, bankruptcy, HSBC, ABN Amro, commodity finance, Phoenix Group, Standard Chartered, BNP Paribas, Societe Generale, Europe, Middle East, Africa

Former Wirecard CEO rearrested as prosecutors suspect USD 3.7 bln fraud

23 Jul 2020 | Digital Identity, Security & Online Fraud

Markus Braun, former chief executive officer of Wirecard, has been rearrested in Munich, prosecutors said on July 22, 2020.

accounting fraud, commercial fraud, Wirecard, Wirecard scandal, Germany, fraud prevention

The Wirecard scandal - how digitalisation can be marshalled to tackle money launderers

23 Jul 2020 | Digital Identity, Security & Online Fraud

In the future, banks that are not as internationally networked in money laundering prevention as the perpetrators will remain easy to outsmart

HAWK:AI, AML, CFT, FIU, financial crime, money laundering, Tobias Schweiger, AI, machine learning, digitalisation, fraud prevention, Wirecard scandal, FATF, Bafin, Germany, Wirecard Bank

FCA orders Wirecard to suspend activity in UK

29 Jun 2020 | Online Payments

The UK Financial Conduct Authority has ordered Wirecard to suspend operations in the UK and warned it not to dispose of any funds, following the companies' insolvency filing in Germany.

FCA, Financial Conduct Authority, Wirecard, Wirecard scandal, Germany, Europe, payments company, financial authority, European Commission, payments company, European Securities and Markets Authority

Wirecard files for insolvency after ex-CEO was arrested in EUR 1.9 bln scandal

26 Jun 2020 | Digital Identity, Security & Online Fraud

Wirecard has filed for insolvency, just days after a EUR 1.9 billion accounting scandal at the company was unveiled, thus leading to the arrest of its former chief executive.

Wirecard, insolvency, accounting scandal, Markus Braun, shares, fraud, fake transactions

Denmark proposes tougher qualifications for bankers to prevent money laundering

11 Jun 2020 | Payments General

Denmark has proposed tougher qualifications for bankers hired to prevent money laundering as part of efforts to prevent a repeat of the Danske Bank scandal.

money laundering scandal, AML, Denmark, financial crime, banks, financial institutions, transactions, bankers, Danske Bank

Facebook to pay USD 5 bln to settle Cambridge Analytica misuse of data

25 Jul 2019 | Digital Identity, Security & Online Fraud

The US Federal Trade Commission (FTC) has announced that Facebook will pay a record USD 5 billion fine to settle privacy concerns.

US Federal Trade Commission, FTC, Facebook, data privacy, online security, facial recognition, Facebook scandal,

USD 556 mln lost by Punjab National Bank to fraudulent buying

09 Jul 2019 | Digital Identity, Security & Online Fraud

The Wall Street Journal has revealed that Punjab National Bank had been defrauded USD 556 million from a borrower, Bhushan Power & Steel.

Punjab National Bank, fraud, scam, borrower, banks, the Reserve Bank of India, loan, bankruptcy, accounts, scandal, supply chain, liquidity, credit, fraudulent activity

Bank Of Scotland fined GBP 45.5 mln for fraud

04 Jul 2019 | Digital Identity, Security & Online Fraud

The Bank Of Scotland has been fined GBP 45.5 million for failing to report suspicions about a GBP 245 million fraud scandal.

Bank Of Scotland, fine, fraud, scam, scandal, FCA, Financial Conduct Association, bank, justice, risks, HBOS, Lloyds Banking Group, loans

Fresh scandals hit Deutsche Bank

04 Dec 2018 | Digital Identity, Security & Online Fraud

On November 29, Deutsche Bank’s headquarters including offices of its entire management board were searched by police.

Deutsche Bank, money laundering, scandal, fraud prevention, Panama papers, Germany