Wise hit with $4.2 million fine by multiple US states for AML deficiencies

[scubascuba3]

Interesting, I guess they will get even stricter now

 

https://www.finextra.com/newsarticle/46274/wise-hit-with-42-million-fine-by-multiple-us-states-for-aml-deficiencies

[Magictoad]

4. 2 million does not seem a lot to me for an International Bank

[Magictoad]

6 minutes ago, scubascuba3 said:

Interesting, I guess they will get even stricter now

 

https://www.finextra.com/newsarticle/46274/wise-hit-with-42-million-fine-by-multiple-us-states-for-aml-deficiencies

How can they get stricter? In what way? By doing what?

[scubascuba3]

31 minutes ago, Magictoad said:

How can they get stricter? In what way? By doing what?

Already people complaining about delays sometimes caused by additional checks, so perhaps even more money laundering check

[topt]

2 hours ago, scubascuba3 said:

Interesting, I guess they will get even stricter now

Especially as they recently announced that they are looking to move their primary listing to the US - 

https://www.reuters.com/technology/uks-wise-move-primary-listing-us-2025-06-05/

[SAFETY FIRST]

2 hours ago, scubascuba3 said:

Wise hit with $4.2 million fine  

Gawd, I can see fees going up