The Belgian justice has confirmed an investigation into Wise Europe, the money transfer giant, for suspicions of money laundering.

The justice system in Belgium has launched an advanced investigation into Wise Europe, the money transfer giant, for suspicions of money laundering. The Brussels prosecutor's office stated that the investigation focuses on the use of Wise accounts in criminal activities, including non-compliance with anti-money laundering legislation, due to a lack of customer identification.

The suspicions involve possible links to international criminal organizations and crimes such as fraud, corruption, and drug trafficking. Wise has responded, emphasizing that the investigation does not involve clear evidence of legal violations and that its shares have dropped by nearly 15% on the London Stock Exchange. The company, with over 19 million active customers, claims that it takes the fight against financial crime very seriously, dedicating a third of its teams to customer protection.