Reported about 1 month ago
The UK's financial regulator has fined Wise Plc's CEO, Kristo Kaarmann, £350,000 ($453,565) for failing to disclose significant personal tax liabilities and being added to the public tax defaulters list. The Financial Conduct Authority noted Kaarmann's actions were 'careless' rather than deliberate, deriving from a fine imposed by HMRC for a capital gains tax oversight on a £10 million share sale in 2017. The investigation has been resolved, and the FCA confirmed Kaarmann remains fit to serve as CEO of Wise.
Source: YAHOO