05/31/2019

Comment on Article, published on 30th May 2019

Wirecard states that all business relationships are subject to continuous monitoring and our internal compliance processes are continuously adapted to new legal, regulatory and internal requirements.

Thus, Wirecard actively terminated the customer relationship with Option888, which held a government-issued license to operate its business and was one of a few licensed binary option service providers, which held bank accounts at Wirecard. Wirecard actively terminated the customer relationship with Option888 in 2016 after noticing suspicious transaction patterns on their bank account. The total revenue generated by Wirecard from the client relationship over a yearly period was less than EUR 40,000. Wirecard also actively terminated further client relationships in 2016 after BaFin strengthened the license model. Today, Wirecard does not provide any acquiring services to binary option service providers.

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