US Trade Groups Challenge New US Rule Extending Regulatory Oversight to Payment Apps Trade groups representing tech giants have recently taken legal action to block a new US rule that extends regulatory oversight to payment apps and digital wallets such as Apple Wallet and Google Pay. The move comes as a response to what they […]
Wise Implements Anti-Money Laundering Controls After Regulatory Review
In a landmark decision, Wise, a global leader in fintech, has instituted rigorous anti-money laundering (AML) controls following a stringent review by the Belgian National Bank. This regulatory oversight highlighted significant deficiencies in Wise’s customer verification processes, particularly regarding proof of address. The implications of this review extend beyond compliance; they signal a crucial pivot […]