Wirex Nominated as Finalist at ICA Compliance Awards Europe 2025

Wirex's Recognition at the ICA Compliance Awards 2025

Wirex, a prominent player in digital payments and Web3 financial solutions, has recently been recognized as a finalist for the "Compliance Culture Initiative of the Year" at the upcoming ICA Compliance Awards Europe 2025. This accolade highlights Wirex's commitment to developing a culture centered around compliance, a testament to its strategic investments and robust team dedicated to risk management.

Founded with the intention of merging financial independence with responsibility, Wirex's co-founder, Pavel Matveev, emphasized the company's mission to establish a compliance culture that not only aligns with today's standards but is also forward-thinking. Matveev stated, "This nomination demonstrates our team’s dedication to creating a reliable and resilient financial ecosystem. We believe that financial freedom and regulatory responsibility should go hand in hand."

With an ever-growing user base of over 6 million across the globe, Wirex sets a high standard for how fintech companies can expand while adhering to stringent compliance norms. Co-founder Dmitry Lazarichev echoed this sentiment, stating that a robust compliance framework is vital for any successful fintech business. He believes that Wirex can achieve sustainable growth while respecting the regulatory frameworks that protect both consumers and institutions.

Wirex's global presence is underscored by its regulatory compliance in numerous jurisdictions, including the UK, EU, and APAC regions. The company holds licenses from notable authorities such as the UK Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS), ensuring it meets the highest standards in regulatory compliance concerning Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), sanctions, and fraud detection.

In a statement from Chet Shah, the Global Chief Risk and Compliance Officer at Wirex, he noted, "Our nomination validates the comprehensive and strategic work we have undertaken to enhance compliance throughout Wirex globally. We don’t view compliance merely as a back-office function; it is integrated into every component of our operations, from executive decisions to product design. By empowering our teams to embrace compliance, we are not only upholding ethical standards but also facilitating innovation as we scale our operations."

The ICA is set to announce the award winners during a prestigious gala ceremony at the Park Plaza Westminster in London on June 26, 2025. This event celebrates excellence in compliance and financial crime prevention across the industry. The judging panel includes distinguished professionals such as Lisa Bennett, Legal Compliance Director at Mastercard, and Caroline Braddock, Civil Ethics and Compliance Officer at Rolls-Royce.

About Wirex

Wirex has become a leading digital payment platform in the UK, with over 6 million customers in 130 countries. It enables users to securely manage multiple currencies, reflecting the evolving landscape of digital finance. As a principal member of both Visa and Mastercard, Wirex is not just about traditional services; it aims to provide mainstream access to digital finance and wealth management in an increasingly cashless society, having successfully processed transactions worth over $20 billion. With their commitment to simplicity and accessibility in digital payments, Wirex is paving the way for the future of finance.

For more information, please visit wirexapp.com.