# Money transfer company Wise's London-listed shares fell by more than 10% on Monday.

*fintech · news · 2026-06-01 · Reuters*

## Key points

- Wise's European entity is under investigation by Brussels prosecutors for suspicious transactions exceeding 500 million euros.
- Wise shares dropped more than 10% following disclosure of the investigation on Monday.
- The Brussels investigation specifically targets potential involvement in illicit finance activities.
- This probe marks a significant escalation in European authorities' efforts after previous scandals like Wirecard.

PARIS, June 1 (Reuters) - Money transfer company Wise's London-listed ​shares fell by more than 10% on Monday ‌on news that the Brussels Public Prosecutor's Office is investigating its European entity in cases the prosecutor said reportedly ​involve more than half a billion euros ($582.5 ​million) in suspicious transactions. Authorities in Europe are ⁠trying to crack down on illicit finance, following the ​collapse of Wirecard and a 2019 money-laundering scandal. Sign up here. Reporting ​by Elizabeth Howcroft; Editing by Thomas Derpinghaus, Kirsten Donovan Our Standards: The Thomson Reuters Trust Principles., opens new tab Elizabeth Howcroft reports on finance and technology, including Europe's "fintech" industry and cryptocurrencies. She was part of the team which won a Loeb award and SABEW award for covering the collapse of crypto exchange FTX in 2022.

**Companies:** Wise
**Countries:** United Kingdom, Belgium

[Read the full story on Reuters](https://www.reuters.com/legal/government/fintech-wises-shares-fall-after-report-belgian-prosecutor-investigation-2026-06-01/)

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