"Due to the cross-border nature of some of the transactions, Singapore authorities have reached out to relevant foreign authorities for further information and also stand ready to assist investigations by foreign authorities where requested," the MAS spokeswoman says.
SINGAPORE (June 29): In response to queries, a Monetary Authority of Singapore's spokeswoman confirms that the white-collar crime unit Commercial Affairs Department (CAD) commenced criminal investigations into WireCard’s Singapore operations back in February 2019.
"The investigations are extensive and ongoing. In view of recent developments in WireCard AG, MAS and the Accounting and Corporate Regulatory Authority (ACRA) are collaborating with CAD to scrutinise other possible aspects of the case.
