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The Guardian - UK
The Guardian - UK
Business
Rob Davies

Wise investigated in Belgium over money-laundering control concerns

Wise company webpage on smartphone
Wise has 19 million customers and processes 4.7m transactions a day. Photograph: JLK/Alamy

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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