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Philippines AMLC want to examine dubious Wirecard partner companies

The Philippine anti-money laundering agency AMLC wants in the case of Wirecard provide information as soon as possible.

Mel Georgie Racela of AMLC told Reuters on Monday that a “quick and thorough” investigation would be launched to find other companies and individuals involved. The agency will take a closer look at three companies that are associated with the German payment processor – Centurion Online Payment InternationalPayEasy Solutions and ConePay International.

No comments were received from the companies and PayEasy did not reply to emails. Centurion’s phone number was out of service and ConePay was also unavailable for comment, as contact information was missing on the website and an annual report that was otherwise customary in the industry was not available from the regulatory authority.

The Philippine central bank chief Benjamin Diokno, who heads the money laundering agency, did not want to comment on which companies and people were still being investigated.

Wirecard had admitted last week that there was no reported assets of EUR 1.9 billion in trust accounts in Asia and the Dax company filed for bankruptcy last Thursday.

The Philippine central bank had said that no Wirecard funds had entered the country’s financial system.

Filipino lawyer Mark Tolentino, apparently appointed as a trustee by Wirecard, denied responsibility for the bankruptcy of Wirecard.

He opened six bank accounts for a Singapore-based company, but didn’t know they were for Wirecard until the scandal came to light, he said in a phone interview with Reuters.

The accounts were never more than a few hundred euros. “Everyone points a finger at me and portrays me as a thief of the lack of money,” he said. “I want to wash my name in. I’m a victim of identity theft and fake news.”

The ex-Wirecard board member, Jan Marsalek, is also believed to be one of the masterminds behind the fall of Wirecard.

The Philippines assume that the former confidante of ex-Wirecard boss Markus Braun is now in China. Last week it was reported that Marsalek had entered the Philippines and continued to China after a few days possible on a chartered private jet or he might still be hiding in the Philippines.

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