Wise investigated in Belgium over money-laundering control concerns
Wise is currently under investigation by Belgian prosecutors over concerns related to money laundering controls. The company has confirmed its cooperation with the authorities, which has led to a significant drop in its share price. The investigation reportedly involves allegations that Wise accounts may have been used for criminal activities across Europe.
- ▪Wise has 19 million customers and processes 4.7 million transactions daily.
- ▪The investigation was opened last year based on evidence of Wise accounts being linked to criminal activities in over 30 countries.
- ▪Shares in Wise fell by more than 10% following the announcement of the investigation.
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Wise has 19 million customers and processes 4.7m transactions a day. Photograph: JLK/AlamyView image in fullscreenWise has 19 million customers and processes 4.7m transactions a day. Photograph: JLK/AlamyFinancial sectorWise investigated in Belgium over money-laundering control concernsInternational money transfer service’s shares tumble as it confirms discussions with prosecutor’s office Business live – latest updates Rob DaviesMon 1 Jun 2026 09.34 EDTLast modified on Mon 1 Jun 2026 09.35 EDTSharePrefer the Guardian on GoogleWise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling.In a statement to the stock market, Wise said…
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