OCC denies Wise national trust bank charter over AML/CFT deficiencies
Wise issued Charter application denial affecting Office of the Comptroller of the Currency on July 1, 2026.
- Primary
- Wise
- Counterparty
- Office of the Comptroller of the Currency
- Structure
- Charter application denial
- Date
- July 1, 2026
- Sub-sector
- Regtech / KYC / AML
OCC rejected Wise's federal bank charter due to insufficient AML/CFT controls and management experience, signaling heightened compliance standards for fintech bank applicants.
Source: pymnts.com