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The Independent UK
The Independent UK
Business
Holly Williams

Wise shares under pressure as Belgian authorities question firm

WISE fintech
Money transfer firm Wise has said its chief financial officer will step down by next March to focus on recovering from a bike accident last year. (Alamy/PA) -

Wise shares have tumbled after the fintech firm confirmed it was responding to questions from Belgian authorities after reports it was being investigated over money laundering concerns.

The group’s stock plummeted by nearly a fifth at one stage before settling about 14% lower in Monday trading as Wise said the prosecutors in Brussels had lodged queries over its business.

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