By Alisha Houlihan for AMLi
London-listed fintech Wise has paused taking on new European clients, as sanctions and rising geopolitical tensions force it to bulk up its compliance departments.
In Europe and the UK, the payments group temporarily stopped accepting new business customers on October 27 last, it’s been revealed.
The pipeline of European corporate customers remains frozen at Wise, despite the company’s return to accepting UK customers last week.
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