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Wise Shares Fall 18% as Belgian Prosecutors Investigate Money Laundering Concerns

Wise Shares Fall 18% as Belgian Prosecutors Investigate Money Laundering Concerns

Wise is under a Belgian anti-money laundering probe over suspected €500 million in criminal fund transfers, with the cross-border investigation and renewed share-price drop adding to investor concerns.

Fact Check
The claim that Wise is under a Belgian anti-money-laundering probe involving suspected €500 million in criminal fund transfers, with shares dropping, is supported by Reuters, the Bureau of Investigative Journalism, Finance Magnates, and Crypto Briefing, all dated June 1, 2026.
Summary

Wise is under a Belgian anti-money laundering investigation over suspected €500 million in criminal fund transfers, involving hundreds of international criminal assistance requests across more than 30 European countries. The new report adds that Wise shares fell about 15% intraday in London to 796 pence. No formal charges or enforcement outcome were provided. Reported market reaction figures now differ across coverage, with the existing headline citing an 18% decline, earlier reporting noting 11.35% and 9% drops, and the latest update stating a 15% intraday fall.

Terms & Concepts
  • Anti-money laundering: Rules, controls, and monitoring procedures used to detect, prevent, and report illicit financial activity.
  • Money laundering: The process of disguising illegally obtained funds so they appear to come from legitimate sources.