Philippines says 57 people under scrutiny on Wirecard case
14 Sep 2020

The Philippines’ anti-money laundering authority has identified 57 “persons of interest,” including foreigners and local bank officers and government officials, whose links to Wirecard AG are being scrutinized.

Authorities are analyzing the transactions of these people who are “not necessarily the accused or respondents in a criminal case,” Mel Georgie Racela, executive director of the Anti-Money Laundering Council, said in a virtual briefing in Manila.

Other Comments:

  • Agency’s probe won’t extend to the banks where officers worked as possible lapses in internal controls will be tackled by Bangko Sentral ng Pilipinas.
  • Authorities are building cases against domestic violators of the Anti-Money Laundering Act and are waiting for evidence from German authorities so it can pursue charges against key people including former Wirecard COO Jan Marsalek.

By Siegfrid Alegado and Claire Jiao, Bloomberg, 11 September 2020

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