Interesting 2016 through 2018 all have the "In addition, Wirecard has decided to make use of the exemption pursuant to Section 17 of the Irish Companies Act of 1986 not to submit consolidated financial statements of the Irish group to Companies Office in Ireland." listed in the Annual Report. Let's go back to 2015 and maybe 2014, shall we? Same for 2015. Same for 2014....2013...2012...2011. So, for a recap, from 2011 to 2018, no reporting on the "Irish Group". The UK and Ireland are combined for one entity within Wirecard. How convenient, a nice little loophole for Davey.
Huge loopholes, maybe time to consider the EU COURT
https://www.anti-moneylaundering.org/Europe.aspx
Commission calls on 8 Member States to fully transpose EU anti-money laundering and terrorist financing rules
Today, the Commission decided to send a reasoned opinion to
Austria andthe
Netherlands andaletter of formal notice to
Czechia, Hungary, Italy, Slovenia, Sweden, and the
United Kingdom for failing to completely transpose EU anti-money laundering and terrorism financing rules (the 4th Anti-Money Laundering Directive,
Directive (EU) 2015/849) into national law. Despite these Member States having declared their transposition completeness, after assessing the notified measures, the Commission concluded that some provisions are missing. Transposing the rules timely and correctly is crucial for an effective fight against money laundering and terrorism financing. Gaps in one Member State can have an impact on all others. In May 2015, Member States agreed to transpose these EU rules into national law by 26 June 2017. The Member States concerned now have two months to respond and take the relevant action; otherwise, the Commission may pursue the next infringement steps.
http://europa.eu/rapid/press-release_IP-18-6251_en.htm
Background
Regarding the 4th Anti-Money Laundering Directive the Commission has opened so far infringement procedures for non-communication of transposition measures against 21 Member States: three are currently at the stage of court referrals (Romania, Ireland and now Luxembourg), with one on hold (Greece), nine at the stage of Reasoned Opinions, and eight at the stage of Letters of Formal Notice.
Today, the European Commission also sent Estonia and Denmark a reasoned opinion and letter of formal notice respectively as part of this same assessment.
Meanwhile, in the wake of the Panama Papers revelations and the terrorist attacks in Europe, the Commission proposed a 5th Anti-Money Laundering Directive to further step up the fight against money laundering and terrorist financing. These new rules aim at ensuring a high level of safeguards for financial flows from high-risk third countries, enhancing the access of Financial Intelligence Units to information, creating centralised bank account registers, and tackling terrorist financing risks linked to virtual currencies and pre-paid cards. These new rules entered into force on 9 July 2018 following its publication in the EU's Official Journal and Member States will have to transpose the
5thAnti-Money Laundering Directive into national legislation by 10 January 2020.
…hum 21 out of 28 have a problem with EU AML Directives , either they are dumb or corrupted or probably both…..unbelievable bunch of criminals
Were is Germany located here