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Answered5 months ago

What does the investigation into Wise over money laundering concerns mean for users in Thailand?

Paul ********************
asked Jun 2, 2026
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Expect a Crack down in Thailand soon

Wise under investigation over money laundering control concerns
Answer summary
Wise is currently under investigation related to money laundering concerns, particularly affecting its operations in Thailand as it navigates new banking regulations. Users express varied opinions, discussing the implications for transactions, perceptions of Wise’s identity verification processes, and concerns about the strictness and effectiveness of Thailand's banking oversight. Although some believe the recent developments may deter customers, others feel that Wise's existing KYC (Know Your Customer) measures will mitigate potential issues.
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Brandon ************
Brandon ************
You can't even use Wise to transfer money out of Thailand, only in. Kind of hard to launder money that way. This article has nothing to do with Thailand and won't effect anyone using Wise to send money to Thailand.
Shayne **********
Shayne **********
Yeah I don't think so. Wise are pretty quick to shutdown suspicious accounts and annoy real businesses. I don't think they will have too many issues.

If you really want a money launder something, you'd be a dumb criminal to use Wise, there's hundreds of alternatives.
Peter **********
Peter **********
Bound to happen

Thai Banks are losing a fortune on money transfer costs
James **********
James **********
And we believe the BBC 😂
Alastair *******
Alastair *******
I am a Wise customer and they have been pretty strict about verifying identity, address, etc. Quicker the BBC becomes irrelevant the better; why do i have to pay their TV license?
IndigoSala**********
IndigoSala**********
If Investigators spent more time looking into barbers,vape shops,car wash etc they'd find plenty of dirty money!!!
Lynnette *******
Lynnette *******
Maybe proof of money source will be required.
MagicalR********
MagicalR********
A crackdown of who or what?

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