Wise 250 quid transfer of sanctions person causes chaos at wise.

[wellington]

Crikey, they are literally destroying the free flow of capital over a 250 quid transfer lol


Wise pauses taking on European business customers as it beefs up compliance

In August, the UK's Office of Financial Sanctions Implementation disclosed that Wise had allowed the account of a company owned by an individual on the country's Russia sanctions list to transfer £250.

 

[JackAlabama]

wellington said:
Crikey, they are literally destroying the free flow of capital over a 250 quid transfer lol


Wise pauses taking on European business customers as it beefs up compliance

In August, the UK's Office of Financial Sanctions Implementation disclosed that Wise had allowed the account of a company owned by an individual on the country's Russia sanctions list to transfer £250.
Click to expand...

Yah, europe is lost.
However on Bitcoin the free flow of capital is guaranteed.
Time for people to wake up to this, if more use it then you wont even need on,offramps

 

[void]

wellington said:
Crikey, they are literally destroying the free flow of capital over a 250 quid transfer lol


Wise pauses taking on European business customers as it beefs up compliance

In August, the UK's Office of Financial Sanctions Implementation disclosed that Wise had allowed the account of a company owned by an individual on the country's Russia sanctions list to transfer £250.
Click to expand...

I closed all my vacant Wise business accounts in the past 3 months because even for unused ones they asked to provide huge paperwork

 

[Alexmorgan]

Thank god that they didnt accept me to open account with them

 

[JohnLocke]

It's frightening to think about how little it takes to destroy a huge business. It's a crazy world we live in, in my opinion.

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[Alexmorgan]

JohnLocke said:
It's frightening to think about how little it takes to destroy a huge business. It's a crazy world we live in, in my opinion.
Click to expand...

You are right

Thats why they got their US banks closed

 

[Don]

Wise is not doing bad though.
For some, lack of proper compliance might actually feel like a benefit so clients are flocking to them
https://fintelegram.com/bravo-uk-fintech-giant-wise-reported-impressive-financial-performance/

 

[Martin Everson]

Lol....I couldn't stop laughing.

https://www.cityam.com/cant-keep-up...-eu-business-customers-amid-capacity-strains/

wellington said:
In August, the UK's Office of Financial Sanctions Implementation disclosed that Wise had allowed the account of a company owned by an individual on the country's Russia sanctions list to transfer £250.
Click to expand...

I am just pleased no one has made a thread here saying..."Wise froze my £250 for no reason....I did nothing wrong, Wise is a scam, they are thieves, dont use them blah blah blah"....lol.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Alexmorgan]

Martin Everson said:
Lol....I couldn't stop laughing.

https://www.cityam.com/cant-keep-up...-eu-business-customers-amid-capacity-strains/


I am just pleased no one has made a thread here saying..."Wise froze my £250 for no reason....I did nothing wrong, Wise is a scam, they are thieves, dont use them blah blah blah"....lol.
Click to expand...

See trust pilot

 

[markymark]

I use wise (almost 10 years now). never really had a problem and customer service seems ok. Just my experience. I keep Sterling and Euros there, and have both a personal and biz account.
I live in Andorra, and no issues with my residency.