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fintech / news / / Reuters

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

Wise's European entity is under investigation by Brussels prosecutors for suspicious transactions exceeding 500 million euros.

KEY POINTS
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.
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