Mmastodon BusinessBanking first seen 1 d ago, last 13 h ago, peak #2

Wise says it has resolved US anti-money-laundering issues

Original: Wise on AML: 'It's difficult to get everything right' Wise said it has addressed AML issues in a U.S. consent order. htt

Fintech firm Wise says it has addressed anti-money-laundering problems raised in a US consent order, with a senior executive acknowledging that 'it's difficult to get everything right.' The comments came alongside reports of higher payments volume and revenue growth, as the money transfer company works to reassure regulators and customers about its compliance record while its business expands.

Why now: Wise reported stronger growth while disclosing that it resolved AML issues under a US consent order, prompting attention to its compliance record.

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• Wise on AML: 'It's difficult to get everything right' Wise said it has addressed AML issues in a U.S. consent order. https://www. americanbanker.com/payments/ne ws/wise-reports-higher-payments-volume-revenue-growth # FinTech # FinServ # Banking · AlexJimenez@mas.to · 2

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