Philippine Central Bank Disqualifies Bankers Linked to Wirecard

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a sign on the side of a building: The Wirecard AG logo sits on the company's headquarters during a police and prosecutors raid in Munich, Germany, on Wednesday, July 1, 2020. Wirecard offices in Germany and two locations in Austria were raided by Munich prosecutors looking into the 1.9 billion euros ($2.1 billion) that went missing from the fintech company’s accounts.


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The Wirecard AG logo sits on the company’s headquarters during a police and prosecutors raid in Munich, Germany, on Wednesday, July 1, 2020. Wirecard offices in Germany and two locations in Austria were raided by Munich prosecutors looking into the 1.9 billion euros ($2.1 billion) that went missing from the fintech company’s accounts.

The Philippine central bank said it will ban from the industry former bank employees who allegedly falsified documents for German payments company Wirecard AG.

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Bangko Sentral ng Pilipinas is adding the former bankers to a list of persons disqualified from becoming directors or officers at any supervised financial institution, it said in an email to Bloomberg on Wednesday.

Wirecard filed for bankruptcy in June after acknowledging that 1.9 billion euros ($2.2 billion) it had listed as assets

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