(Reuters) – European regulators rebuked British fintech firm Wise over its anti-money laundering controls and forced the payments group into a formal remediation plan, the Financial Times reported on Friday, citing five people familiar with the matter.
A review by the Belgian National Bank, which supervises Wise in Europe, found in early 2022 that the company lacked proof of address for hundreds of thousands of customers, the newspaper said.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Abinaya Vijayaraghavan)
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