The Financial Conduct Authority (FCA) said yesterday that the Wise chief executive, Kristo Käärmann, had failed to notify it of a fine from HM Revenue and Customs that resulted in his appearance on a public "name and shame" list of people who had deliberately defaulted on tax.
The ruling closes several years of repercussions from a 2017 share sale by Käärmann that netted him $10m, but also led to regulatory difficulties.
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