Investigation into suspicious transactions involving 500 million euros, Wise (WSE.US) stock price plunges 11%.

Digital remittance giant Wise (WSE.US) is under investigation in Belgium for suspected transactions of around 5 billion euros. Following the news, Wise's stock price plummeted, dropping by 11.35% at the time of writing. According to reports, Belgian prosecutors are investigating the company over concerns that its accounts may have been used by criminals for money laundering, including proceeds from fraud, corruption, and drug trafficking. The investigation is said to have started in 2025. Prosecutors are looking into signs of violations of anti-money laundering regulations in more than 30 European countries where the company operates, with the investigation expected to conclude soon. Wise has issued an official statement regarding the investigation, not directly confirming the reported amount involved. Their core response includes: "We are cooperating with the Brussels prosecutors and responding to inquiries about our business operations, which is a routine part of our communication with regulatory and law enforcement agencies." "As of now, we have not received any definitive investigative findings." The company stated that information inquiries from law enforcement agencies and suspicious activity reports are part of normal business processes and do not in themselves indicate any anti-money laundering compliance issues or misconduct. "Like all financial institutions, we face the risk of criminals attempting to abuse the platform for illicit activities, but we will continue to invest in technological systems and strengthen our professional team to address evolving threats."