BaFin Fines Wise Europe €16,000 Over Reporting and…

Why Did BaFin Fine Wise Europe? Germany’s financial regulator has fined Wise Europe SA €16,000 after finding that the payments company failed to meet reporting and consumer-disclosure requirements for payment accounts offered in Germany. The Federal Financial Supervisory Authority, or BaFin , said the Brussels-based Wise entity failed for an extended period to report an account model offered to…