WISE just shut me down!

[PumpkinEater]

I’ve been using WISE transfers monthly for the past two years during my retirement without issue, transferring money from my USA bank account to my K bank account. 
I tried the normal WISE transfer yesterday and there was a red notice that I had to update my information. So I went in and saw that all was ok with my information and tried to continue. Again I was denied and called the WISE people who told me that I now need a physical address in the USA and that it cannot be a “mailbox”. I asked about who was behind this regulation and they sent me an email that the “Financial Crime Enforcement Network (FCEN) was behind this new requirement.

My concern as a US Citizen is the “whats next” question?

Are they working on cancellation of overseas living or retirement? Will they cancel my Citizenship and therefore my Social Security because I don’t own a home in the US anymore? Quite disturbing activity by the powers involved…

 

Any other folks out there having this problem?

 

Cheers!

[gargamon]

Welcome to Trump's America.

[BritManToo]

1 hour ago, PumpkinEater said:

My concern as a US Citizen is the “whats next” question?

Are they working on cancellation of overseas living or retirement? Will they cancel my Citizenship and therefore my Social Security because I don’t own a home in the US anymore? Quite disturbing activity by the powers involved…

Nearly as bad in the UK, no UK address and they are likely to cancel your bank account.

[RSD1]

Change your address on your Wise account to your address in Thailand. Done. 
 

Or try to open up a Revolut account. Might be able to do the same transfer setup with them.