AdvertisementAdvertisementBusinessFILE PHOTO: Wise logo in this illustration taken November 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo01 Jun 2026 10:17PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST PARIS, June 1 : Money transfer company Wise's London-listed shares fell by more than 10 per cent 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.Show MoreShow Less• 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.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST