Payments fintech Wise hit by second fine in six months

Sanction from Abu Dhabi authorities follows UK fine on company valued at $11bn.

Payments company Wise faced a fine of $360,000 from Abu Dhabi authorities for its local subsidiary in August. Abu Dhabi’s Financial Services Regulatory Authority (FSRA) said it fined the firm after finding it “did not establish and maintain adequate AML (anti-money-laundering) systems and controls to ensure full compliance with its

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in