Wise Under Investigation in Europe over Money Laundering Controls
The probe centers on more than €400 million in transactions and follows a report that Belgian authorities are examining possible failures in anti-money-laundering checks.
- Wise shares slumped 9% on Monday after the fintech firm confirmed it was responding to questions from Belgian authorities regarding money laundering concerns.
- Launched last year, the investigation reportedly involves transactions worth more than €400 million, with the Belgian public prosecutor examining potential non-compliance with AML legislation and failures to identify customers.
- Defending its operations, Wise stated on Monday that a third of its workforce is dedicated to protecting customers from financial crime and "monitors hundreds of data points in real time as customers use our products."
- The Brussels prosecutor has shared no specific findings with Wise to date, though the firm maintains that requests for information are a normal part of operations and not indicative of wrongdoing.
- Growing significantly in recent years, Wise now boasts more than 19 million customers worldwide and handles 4.7 million transactions a day, with European operations based in Belgium.
15 Articles
15 Articles
The Belgian Public Prosecutor's Office has confirmed reports that it is investigating the European branch of the wire transfer service provider Wise for the suspicion of money laundering.
Wise, the digital money transfer giant that claims 19 million customers around the world, is at the centre of a Belgian investigation for money laundering. On Monday, June 1, 2026, the Belgian Public Prosecutor's Office confirmed that it was screening suspicious transactions amounting to more than half a billion euros. Wise has been in the sight of justice for several years and has already been fined for violating its anti-money laundering oblig…
Evening Standard
Wise under investigation in Europe over money laundering controls
The fintech firm confirmed it was responding to questions from Belgian authorities.
According to the Brussels Public Prosecutor's Office, cases would involve more than half a billion euros (US$ 582.5 million) in suspicious transactions
Belgian prosecutors said Monday they had reached an advanced stage in their investigation into money transfer giant Wise over allegations that criminals used accounts at the company to launder money.
Wise Faces Belgium Probe Over Money Laundering Control Concerns
Wise is facing a Belgian investigation over money laundering control concerns as prosecutors examine whether its European accounts may have been used to move illicit funds, the BBC reported. The probe focuses on Wise Europe, the company’s Belgium-based entity serving customers across the European Economic Area. Wise’s UK business is not directly part of the investigation. Belgian prosecutors told AFP the investigation is nearing completion. The …
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