Wise is under investigation for alleged involvement in the circulation of 500 million euros in criminal funds

According to City AM, cross-border remittance platform Wise is under investigation by Belgian prosecutors for violating anti money laundering regulations, involving hundreds of international criminal investigation requests from over 30 European countries, due to allegations of criminal fund transfers involving approximately 500 million euros in its accounts. After the announcement, Wise's stock price fell by about 15% to 796 pence during London trading. This survey targets Wise's European operations managed by its Brussels office, with approximately 3 million UK users not directly covered. Wise stated that it is cooperating with the prosecution and relevant agencies, and said that about one-third of its employees are dedicated to combating financial crimes. In 2025, Wise's US subsidiary was fined $4.2 million for compliance deficiencies.