Overview
London-listed cross-border payments company (Wise plc). US arm operates as a licensed money transmitter. OCC denied its national trust bank application in July 2026.
Recent Developments
- 2026-07-21: OCC Corporate Decision #1381 denies Wise National Trust application over AML/CFT and organizer competence (2026-07-24-wise-occ-denial-primary)
- 2025-07-09: Wise US multistate AML/CFT consent order — $4.2M penalty
- Company says it will reapply under GENIUS Act framework after Fed master-account policy shifts