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

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)

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