Wise Shares Sink as Europe Probes €500 Million in Suspicious Transfers
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- The probe reportedly centers on more than €500 million (about $582 million) in suspicious transactions linked to criminal investigations across Europe.
- Brussels is prosecuting Wise and authorities are examining whether criminal organizations used Wise accounts to move proceeds from fraud, corruption, and drug trafficking.
Wise Shares Sink as Europe Probes €500 Million in Suspicious Transfers Srividya Kalyanaraman Tue, June 2, 2026 at 10:26 PM GMT+7 2 min read NVDA WSE Wise Shares Sink as Europe Probes €500 Million in Suspicious Transfers - Moby THE GIST Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we ll show you why it s our #1 pick. Tap here.
Shares of online bank Wise fell as much as 20% on Monday after Belgian prosecutors said they were investigating whether the money-transfer company s European operations were used to facilitate money laundering and whether its anti-money-laundering (AML) controls were sufficient.
The probe reportedly centers on more than €500 million (about $582 million) in suspicious transactions linked to criminal investigations across Europe. Wise says it is cooperating fully with authorities and has not been informed of any formal findings or charges.