Corporate filings reveal the involvement of Wirecard staff in hundreds of shell companies set up in Consett, above, which were connected to pornography, gambling and dating websitesSenior Wirecard employees were linked to an opaque network of British companies associated with alleged money laundering. The revelations will increase scrutiny of Wirecard’s UK activities as the future of its British subsidiary, which has worked with some of the biggest names in fintech, is weighed up by regulators. Wirecard’s German parent company filed for insolvency last week amid an escalating accounting scandal and the arrest of its former chief executive. Its UK subsidiary was kept out of that insolvency process but there are growing questions about the group’s activities in this country. An analysis of corporate filings

Source: The Times June 30, 2020 23:02 UTC