Wirecard Card Solutions Limited, a subsidiary of Wirecard AG, has announced that it is winding-down its FCA-regulated business. The decision follows ongoing investigations in Germany into Wirecard AG and previous action from the FCA. Wirecard is authorised and supervised by the FCA to issue e-money and to provide payments services. The FCA has confirmed in its statement that it is working closely with Wirecard to ensure that its customers are treated fairly.