Chief Legal Officer, Zipmex
DATE: Wednesday, 12 July
TIME: 9:30-10:30 A.M. CET
CPEs: 1.2 CPEs
General Session 8: THE WIRECARD FRAUD: A WHISTLEBLOWER’S PERSPECTIVE
How did a well-known German payment processor and financial services provider lose €1.9 billion in cash? Hear directly from the widely recognized internal whistleblower who helped expose corruption and fraud at the now-defunct German fintech Wirecard. Pav Gill will discuss what went wrong at Wirecard and what internal audit and legal departments should do when fraud is suspected or detected.
Joined by Emmanuel Johannes, CEO of Kepler Associates Limited, engage with these industry experts in a conversation about the experience at Wirecard, how audit activities can dig deeper into fraud, and what internal auditors should do when faced with it.
In this session, participants will:
Examine what went wrong at Wirecard – internally and externally – including what was missed in external audits.
Explore what legal, compliance, and internal audit departments should do when fraud is detected.
Consider if internal whistleblowing structures and laws are effective
Discuss the critical use of professional skepticism.
Learn about other recent prominent occurrences of fraud, including FTX.
Gain insights into what lies ahead for the internal audit profession and anti-fraud engagements.
Pav Gill is a lawyer with extensive experience in financial services laws, focusing on payments and digital assets. He is probably best known as the whistleblower who exposed Wirecard, one of Europe’s greatest financial scandals, for which he received the 2021 Blueprint for Free Speech “Special Recognition Award” for integrity and bravery in the public interest, and the 2022 ACFE “Cliff Robertson Sentinel Award” for publicly disclosing wrongdoing in business or government without regard to personal or professional consequences.
Currently, as Chief Legal Officer of Zipmex, a digital asset exchange, he is responsible for all legal and compliance matters groupwide. Previously, at Allen & Overy, Clifford Chance, and King & Spalding, Gill advised governments, banks, and MNCs on international capital markets transactions, including several ‘world firsts’ such as Hutchinson Port’s IPO and the Republic of Turkey’s debut Islamic bond issuance.
As a key opinion leader on topics involving whistleblowing, ethical corporate governance, and regulatory compliance in payments and digital assets, he has been featured by global news outlets like CNBC, BBC, and the Financial Times, and is regularly invited by large banks to conduct internal training for their employees.