Germany must toughen its rules for auditing and accounting to prevent another billion-euro scam like the Wirecard scandal, Bundesbank President Jens Weidmann said in a newspaper interview published on Monday. Payment services company Wirecard filed for insolvency last month after admitting that 1.9 billion euros supposedly held in trustee accounts by overseas partners probably did not exist. “Wirecard is a scandal, and we have to do more to prevent it in the future,” Weidmann told Funke media group. …read more
Source:: Yahoo Finance
