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Wise investigated in Belgium over money-laundering control concerns

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International money transfer service’s shares tumble as it confirms discussions with prosecutor’s officeBusiness live – latest updatesWise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling. In a statement to the stock market, Wise said it was “currently working with the Brussels prosecutor to respond to queries about our...

International money transfer service’s shares tumble as it confirms discussions with prosecutor’s office

Wise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling.

In a statement to the stock market, Wise said it was “currently working with the Brussels prosecutor to respond to queries about our business, as we routinely do with regulators and law-enforcement authorities.

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Belgium (LOCATION) UK (LOCATION) London (LOCATION) Belgian (ORG) Wise (ORG) Brussels (LOCATION)
Originally published by The Guardian UK Read original →