Wise stock falls as Belgian prosecutors probe money laundering
Key takeaways
- A formal summons to criminal court is being drafted, and the office intends to forward its conclusions to the National Bank of Belgium once the process is complete.
- "The findings mainly relate to the use of Wise accounts for criminal purposes," the prosecutor s office said, according to Bloomberg.
- The company acknowledged engaging with Brussels prosecutors on their inquiries but said it has not yet received any formal findings from the office.
Wise stock falls as Belgian prosecutors probe money laundering Quartz · Bloomberg / Getty Images Cris Tolomia Tue, June 2, 2026 at 12:07 AM GMT+7 2 min read Wise stock fell as much as 19% in London on Monday after Belgian prosecutors confirmed they are investigating the fintech company s European operations over potential money-laundering offenses tied to more than €500 million ($582 million) in suspicious transactions.
According to Bloomberg, prosecutors opened the case last year and have described it as nearly complete, with the inquiry centered on whether criminal networks exploited Wise Europe s services to move money derived from fraud, corruption, and drug trafficking. A formal summons to criminal court is being drafted, and the office intends to forward its conclusions to the National Bank of Belgium once the process is complete.
"The findings mainly relate to the use of Wise accounts for criminal purposes," the prosecutor s office said, according to Bloomberg. A spokesperson for the office told BBC that the investigation pointed to "indications of non-compliance with anti-money laundering legislation, particularly due to a failure to identify customers and their activities."