Regulators have ordered one of Wirecard's key businesses to stop all activities and frozen customer funds amid its $2 billion accounting scandal

Regulators have ordered one of Wirecard's key businesses to stop all activities and frozen customer funds amid its $2 billion accounting scandal

Business Insider

Published

· Wirecard's UK-subsidiary Wirecard Solutions Limited was ordered Friday by the UK regulator, the Financial Conduct Authority, to immediately halt all regulated activities.
· The firm has also been prohibited from offloading any assets or funds and customers' money has been frozen, the FCA said.
· The FCA said: "Our primary...

Full Article