Official Statement on Wirecard Issue

Wirecard is not a client of BDO


BDO Unibank has no client relationship with Wirecard (a German payments provider).


Further to the official statement the bank issued on Friday, June 19, the Bank would like to stress the following:


1.    We have no relationship with Wirecard.


2.    No account was opened and no funds flowed through BDO.


3.    We have investigated the matter and have taken action immediately. It was done outside of banking process.


4.    We clarified with the auditors and informed people concerned that the documents were spurious.


5.    We have reported the matter to the Bangko Sentral ng Pilipinas June 9.


Related News Stories:

Local bank officer sacked for fake document on Wirecard deposits

German firm's missing money did not enter Philippines: central bank