Worldline Calls Anti-Crime Control Uneven, Plans Divestment

Worldline SA said a review following allegations it had turned a blind eye to fraud discovered “uneven” implementation of anti-financial-crime controls across the company.

While an assessment carried out by the consulting firm Oliver Wyman found the French payments firm had made “considerable progress” on improving its risk and compliance procedures, it also found that those controls face “implementation challenges,” according to a statement Tuesday. The consulting firm attributed that to rapid growth through acquisitions.