Wise shares fall as Belgium investigates laundering controls (opens in new tab)

Belgian prosecutors are investigating Wise Europe, the Brussels-based European arm of UK payments company Wise, over suspicions that its accounts were used for money laundering and that the firm failed to meet anti-money-laundering obligations. The Brussels prosecutor’s office said the case is at an advanced stage and nearing conclusion, with findings focused on alleged use of Wise accounts for criminal purposes and possible failures to identify customers and their activities. The inquiry fol...