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Sanctioned Russian Target Able To Withdraw from Wise, No Fine Imposed

British fintech Wise permitted an individual facing sanction in Russia to withdraw money from its platform. So reports CNBC.

The unnamed user took out $316.63, per a report from the Office of Financial Sanctions Implementation. Wise was not fined for allowing the breach after the sanction’s office said the incident “does not assess the breach as sufficiently serious to impose a monetary penalty on Wise.”

Read the full article from CNBC.

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