Wise under Belgian money laundering probe

Belgian prosecutors in Belgium — Brussels>>> are in the advanced stages of an investigation into the money transfer company Wise>>> over suspicions that criminals used its accounts for money laundering. The probe, launched last year, focuses on Wise>>> and examines whether criminal groups laundered proceeds from illicit activities like fraud, corruption, and drug trafficking through Wise>>> services. Transactions worth over 500 million euros are under scrutiny, with indications of non-compliance with anti-money laundering legislation due to a failure to identify customers and their activities. Following the announcement, Wise>>>'s share price on the Aquis Stock Exchange>>> dropped by nearly 15 percent. Wise>>> stated it is cooperating with prosecutors and that no specific findings have been shared with them to date.