On 1 July, KYC 360 carried news of a report from The Times claiming that senior employees from the Germany-based payment processor were linked to an opaque network of British companies associated with alleged money laundering. The report says that an analysis of corporate filings reveals the involvement of Wirecard staff in a network of hundreds of shell companies set up in Consett, County Durham, which were connected to pornography, gambling and dating websites.









If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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