Wise set to resubmit US bank charter application after OCC rejection over AML risks

The US Office of the Comptroller of the Currency (OCC) denied UK fintech firm Wise's application for a national bank charter, citing AML and counter-terrorism financing risks. Despite this, Wise is expected to resubmit its application under the GENIUS framework. The OCC has approved similar charters for digital asset companies over the past year, making the rejection a notable contrast.