Viber. The Philippine government is currently exploring ways and means to expedite the processing of the provision of financial aid, especially for the vulnerable sectors – including the implementation of the Philippine Identification System (PhilSys) which would act as the universal ID of the country. June 21, 2020. BDO and BPI have stated that Wirecard was not their client and that they had no business relationship with the German firm, Diokno said. Bangko Sentral ng Pilipinas Gov.

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The headquarters of Wirecard … MANILA (Reuters) – None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday.Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement the Southeast Asian country’s biggest lenders, BDO Unibank and Bank of the Philippine Islands, suffered no losses, despite having been named in connection with the missing funds.The chief executive of Wirecard, Markus Braun, who built the company into one of the hottest financial technology investments in Europe and a rare tech champion for Germany, quit on Friday as the company faces a cash crunch after saying it may have been the victim of fraud.The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.“The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said, though he added that the central bank was investigating.“The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” he said.BDO and BPI have stated that Wirecard was not their client and that they had no business relationship with the German firm, Diokno said.BPI, however, told Reuters on Saturday that it had suspended an assistant manager whose signature appeared on one of the fraudulent documents.BDO told the central bank that it appeared one of its marketing officers had fabricated a bank certificate.Diokno reiterated the Philippine banking system was in a strong position going into the coronavirus pandemic and well-capitalised. Telegram. Wirecard's Missing Money Didn't Enter Philippine Financial System, Central Bank Says By Reuters , Wire Service Content June 20, 2020 By Reuters , Wire Service Content June 20, 2020, at 11:10 p.m. Share.

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(AFP) MANILA (Reuters) – None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday. “The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said, though he added that the central bank was investigating. advertising Philippines plunges into recession as coronavirus devastates financial system, GDP plummets 2020-08-06 07:30:16 advertising The Philippines plunged into recession after its largest quarterly contraction on file, information confirmed on Thursday, because the financial system reels from coronavirus lockdowns which have wrecked companies and thrown tens of … VK. Wirecard’s missing $2.1bn didn’t enter Philippine financial system, central bank saysEmirates launches airbridge between Dubai, Lebanon emergency relief DUBAI: UAE national carrier Emirates SkyCargo plans to ramp up its freighter operations to Lebanon with 50 flights to deliver emergency relief in the wake of the Beirut port blast that killed nearly 200 people.Markus Braun of Wirecard AG attends the company’s annual news conference in Aschheim. BPI, however, told Reuters on Saturday that it had suspended an assistant manager whose signature appeared on one of the fraudulent documents. Tumblr. MANILA: None of the $2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said. BDO told the central bank that it appeared one of its marketing officers had fabricated a bank certificate. Diokno reiterated the Philippine banking system was in a strong position going into the coronavirus pandemic and well-capitalized. WhatsApp. By Enrico Dela Cruz.

(Reporting by Enrico dela Cruz; Editing by William Mallard)Wirecard’s missing $2.1 billion didn’t enter Philippine financial system, central bank saysUK park stabbing spree not being treated as terrorism, minister saysTrump urges slowdown in COVID-19 testing, calling it a ‘double-edge sword’

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