UK fintech Wise, an international payments facilitator, has received a $360,000 (£309,213) fine from the FSRA (Financial Services Regulatory Authority) following breaches of anti-money laundering requirements. The UAE watchdog found a Wise subsidiary, Wise Nuduq, failed to identify and verify the source of funds which was held by some customers highlighted as being high risk, before carrying out transactions on their behalf.

https://www.reuters.com/technology/fintech-firm-wise-fined-360000-by-abu-dhabi-regulator-2022-08-30/