FCA Concludes Investigation into Wise CEO, Imposes £350k Penalty
The UK Financial Conduct Authority (FCA) revealed Monday that it has concluded its investigation into Wise co-founder and CEO Kristo Käärmann, imposing a £350,000 penalty. The investigation originated from Käärmann’s inclusion on the HMRC list of individuals who received penalties for deliberate tax defaults in 2017/2018. While the FCA said in its release that it…