UK financial regulator fines Wise CEO for "careless" lapse in personal tax disclosures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: Reuters
Fines and Regulatory Issues: Wise Plc's CEO, Kristo Kaarmann, has been fined £350,000 by the UK's Financial Conduct Authority for failing to disclose a significant tax fine and his addition to the public tax defaulters list.
Outcome of Investigation: The FCA deemed Kaarmann's actions as "careless" rather than deliberate, and he remains fit to continue in his role at Wise, which was listed on the London Stock Exchange in July 2021.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
