upgraded margins imply any AML fine is likely not huge.
WISE’s compliance issues look containable given margin guidance has been upgraded, so fines should be limited and the equity remains investable.
Margin expectations were upgraded from 13% to 16% and 15% to 20% despite the AML investigation headlines. That signal supports the view that any fine is manageable, making the current situation less earnings-threatening than the “half a billion euros” framing suggests.
"Wise under investigation for non-compliance"