Bafin says it did not supervise scandal-hit Wirecard
Official tells Central Banking he is “not aware” of any agency supervising firm implicated in fraud
Senior officials at Germany’s financial supervisory authority say the institution is not responsible for supervising Wirecard, the financial services firm accused of major fraud.
“Wirecard is not supervised by Bafin,” Oliver Struck, of Germany’s Federal Financial Supervisory Authority, Bafin, said in a June 22 email to Central Banking. Struck is Bafin’s head of press and public relations, and its press officer for banking supervision.
The statement comes as Wirecard’s new CEO said billions of
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