Philippines Probes 57 People Over Wirecard's Missing $2.1B

Law360, London (September 11, 2020, 5:06 PM BST) -- The Philippines' anti-money laundering agency said on Friday that it has identified 57 individuals as persons of interest in its investigation into $2.1 billion that went missing before the high-profile collapse of payments company Wirecard AG in June.

The Anti-Money Laundering Council Secretariat of the Philippines has said it is working with authorities in Germany on the Wirecard case. (AP Photo/Matthias Schrader) Mel Georgie Racela, executive director of the Philippines' Anti-Money Laundering Council Secretariat, said that some of those individuals — who include bank officers and government officials — are from the Philippines and some are from outside the country. Racela said the AMLC is...

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