Wise under investigation over money laundering control concerns
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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 ************
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.
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?