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
Payments fintech Wise hit by second fine in six months
1 min read
Sanction from Abu Dhabi authorities follows UK fine on company valued at $11bn.