BaFin

Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021  |  Security & Fraud

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later...

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Germany Ends Probe Into Wirecard Accusations Of Journalists
Germany Ends Probe Into Wirecard Accusations Of Journalists
September 03, 2020  |  Legal

A Munich prosecutor won’t be going forward with a case against two Financial Times (FT) journalists for alleged market manipulation resulting from their 2019 reports...

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Germany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal
Germany’s Financial Regulator Exec Won’t Resign Over Wirecard Scandal
September 02, 2020  |  Security & Fraud

Despite calls for his resignation in the wake of the Wirecard AG scandal, the president of the German Federal Financial Supervisory Authority (BaFin) has refused to...

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BaFin Downplayed Wirecard Complaints, Report Says
BaFin Downplayed Wirecard Complaints, Report Says
July 16, 2020  |  Security & Fraud

German market watchdog Federal Financial Supervisory Authority, or BaFin, has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed...

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Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
July 15, 2020  |  Security & Fraud

BaFin is broadening its probe regarding potential insider Wirecard stock trading to encompass all those who served on the supervisory and management boards of the payment firm...

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EU To Examine German Regulators’ Oversight Of Wirecard
EU To Examine German Regulators’ Oversight Of Wirecard
July 15, 2020  |  Regulation

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed...

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Wirecard Probe Pushes German Government To Release Talks With CEO
Wirecard Probe Pushes German Government To Release Talks With CEO
July 12, 2020  |  Security & Fraud

Lawmakers are urging German Chancellor Angela Merkel to release transcripts of conversations between Deputy Finance Minister Jörg Kukies and former Wirecard CEO Markus Braun, as...

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Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’
Germany’s Financial Regulator Calls Wirecard Scandal ‘Criminal’
July 02, 2020  |  Security & Fraud

The president of the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, said the $2.1 billion accounting scandal at the center of Wirecard AG’s insolvency was a...

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Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
Today In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
July 02, 2020  |  News

In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced business payments for...

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