Fintech giant Wise allowed Russia sanctions target to withdraw money, U.K. government says
Publishing timestamp: 2023-09-01 06:19:46
Summary
The article discusses how Wise allowed an individual on the U.K.'s Russia sanctions list to withdraw money from a business account. Wise cooperated with the investigation and made changes to prevent similar breaches in the future. The article also mentions that Wise CEO Kristo Kaarmann was previously fined for failing to pay taxes on time and that he will be taking parental leave, with the Chief Technology Officer temporarily taking over. Analysts speculate that this management shake-up could be positive for Wise's stock.
Sentiment: MIXED
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