MONEY laundering risks were the reason one of Germany’s biggest banks, Commerzbank began unwinding its relationship with Wirecard – months before the collapse of the scandal-ridden payments group, it’s been revealed.
Commerzbank even warned Germany’s financial regulator BaFin about money laundering risks at Wirecard in early 2020, it was revealed today.
BaFin confirmed in a statement that it had been briefed by Commerzbank about money laundering risks at Wirecard.
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