PANews reported on June 1st that, according to City AM, cross-border remittance platform Wise is under investigation by Belgian prosecutors for allegedly violating anti-money laundering regulations due to its accounts being involved in the alleged transfer of approximately €500 million in illicit funds. The investigation involves hundreds of international criminal cooperation requests from over 30 European countries. Following the announcement, Wise's stock price fell by approximately 15% to 796 pence in London trading. The investigation focuses on Wise's European operations managed by its Brussels office, excluding approximately 3 million UK users. Wise stated that it is cooperating with Brussels prosecutors and regulatory and law enforcement agencies, and that about one-third of its employees are dedicated to combating financial crime. Previously, in 2025, Wise's US subsidiary was fined a total of $4.2 million by regulators in six states for compliance deficiencies.