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Wise US fined by state regulators over failures in anti-money laundering compliance

By Samuel Rubenfeld ( July 9, 2025, 22:08 GMT | Insight) -- Wise US, a New York-based subsidiary of the UK international financial transfer firm, agreed to pay $4.2 million to resolve investigations by five state regulators over failures in its anti-money laundering compliance program. A multi-state examination identified deficiencies in Wise’s processes for investigating and reporting suspicious activity; transaction monitoring data integrity issues; the failure to timely correct past problems; and violations related to a remittance transfer rule issued by the US Consumer Financial Protection Bureau.Wise US, a New York-based subsidiary of the UK international financial transfer firm, agreed to pay $4.2 million to resolve investigations by five state regulators over failures in its anti-money laundering compliance program....

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