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Evening Standard
Evening Standard
Business
Simon Hunt

London fintech Wise accused of ‘inappropriate’ controls over Russia financial sanctions

Days before the planned temporary depature of its CEO, London fintech Wise has been accused of ‘innapropriate’ controls over financial sanctions rules by a government watchdog.

Wise permitted a cash withdrawal held by a company owned or controlled by a person under the government’s Russia sanctions list in late June, according to the Office of Financial Sanctions Implementation (OFSI).

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