logo
welcome
CNBC

CNBC

Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue

CNBC
Summary
Nutrition label

75% Informative

Kristo Käärmann ordered by Financial Conduct Authority to pay a 350,000 fine.

Watchdog found him in breach of its Senior Management Conduct Rule 4 , which states: "You must disclose appropriately any information of which the FCA would reasonably expect notice" It comes after he was hit with a separate 365,651 fine by U.K. tax collection agency Her Majesty's Revenue and Customs in 2021 .

VR Score

87

Informative language

94

Neutral language

25

Article tone

semi-formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links