Greylisted UAE takes Wise to task for AML failures
Wise has promised to remediate AML concerns after a fine (Credit: Diego Thomazini on Shutterstock)
The financial regulator of Abu Dhabi’s free zone has fined fintech Wise for a series of poor money laundering controls, months after the FATF cited the UAE’s lax enforcement against money laundering in its decision to greylist the country.
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