Digital Remittance Giant Wise Under Investigation for €500 Million in Suspicious Transactions, Stock Price Plummets 11%

Odaily Planet Daily News – Digital remittance giant Wise is under investigation in Belgium for allegedly being involved in approximately €500 million in suspicious transactions. Following the news, Wise's stock price plunged 11.35%. Reportedly, Belgian prosecutors are investigating the company over concerns that its accounts may have been used by criminals for money laundering, including proceeds from fraud, corruption, and drug trafficking. Prosecutors are examining whether the company has violated anti-money laundering regulations in over 30 European countries. The investigation is expected to conclude soon. (cityam)