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

*fintech · news · 2026-06-01 · The Star*

## Key points

- Wise's European entity is under investigation for over €500 million in suspicious transactions.
- The Brussels Public Prosecutor’s Office began the money laundering investigation last year.
- Prosecutors are finalising a direct summons for Wise before the criminal court.
- Wise said it has not received any specific findings from the authorities regarding the investigation.

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. • The prosecutor's office said the investigation, ⁠which began last year and is nearing completion, ​concerns potential ‌money laundering offences, with alleged links to fraud, corruption ⁠and drug ​trafficking. • Prosecutors are investigating whether Wise Europe’s services were used by international criminal organisations, and are currently finalising a ⁠direct summons before the criminal court. • ​Wise , which shifted its primary listing to the Nasdaq last month, responded to an earlier media report on the ⁠matter by the Bureau of Investigative Journalism, saying, without confirming details, that it was working with the Brussels prosecutor. • Wise said no specific findings had been ​shared with it. • "We face the reality ⁠of increasingly sophisticated bad actors attempting to exploit our platform ​and we continually invest in ‌tech-enabled systems and teams to ​stay ahead of ever-evolving threats," it said. (Reporting by Elizabeth Howcroft; Editing by Thomas Derpinghaus, Kirsten Donovan)

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

[Read the full story on The Star](https://www.thestar.com.my/tech/tech-news/2026/06/01/fintech-wise039s-shares-fall-on-belgian-money-laundering-investigation-)

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