FCA Imposes $350,000 Fine on Wise CEO Kristo Kaarmann Over Tax Compliance Issues

In a significant legal development, the UK Financial Conduct Authority (FCA) has levied a hefty fine of £350,000 (approximately $450,000) on Kristo Kaarmann, the CEO of the financial technology company Wise. This penalty stems from serious lapses in tax compliance that have raised eyebrows within the finance community.

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