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German auditors, listed companies face five years' jail in post-Wirecard law

( December 16, 2020, 14:04 GMT | Official Statement) -- MLex Summary: German auditors and listed companies could get up to five years’ jail time for false accounting, under a draft law adopted today in the wake of the failure of payments company Wirecard. The law also strengthens the powers of financial regulator Bafin, and aims to end situations in which Bafin staff were privately trading Wirecard shares.Statement follows. ...

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