Wirecard

This is part of the MAS’s fourth enforcement report, which details action taken against financial institutions and individuals.

Other news this week: MAS proposes to increase deposit insurance coverage to $100,000 and more.

The director of Citadelle Corporate Services Pte was charged with five counts of “wilfully and with intent to defraud”.

Singapore launches domestic tourism campaign, Singapore's headline and core inflation remains in the red in June, and more.

SINGAPORE (July 3): The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) have launched a joint investigation into Citadelle Corporate Services Pte Ltd (Citadelle), Senjo Group Pte Ltd and its

SINGAPORE (June 29): In response to queries, a Monetary Authority of SIngapore's spokeswoman confirms that the Singapore Police Force’s Commercial Affairs Department (CAD) commenced a criminal investigations into WireCard’s Singapore operations in

SIINGAPORE (June 18): On June 18, Wirecard AG announced that its auditor EY said the audit certificate for the annual financial statements for the past fiscal year 2019 requires additional audits. This is due to recent communications from the two banks th

(Jan 12): Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices.

SINGAPORE (Aug 2): In a bid to encourage cashless transactions and reduce the usage of coins in Singapore, Wirecard, EZ-Link and Cheers have jointly rolled out a new cashless solution islandwide.

SINGAPORE (Jan 25): A consortium of seven mobile wallets, acquirers and payment networks has been formed to enable interoperable quick response (QR) payments in Singapore for both consumers and merchants.