Svmuu reported that digital remittance giant Wise is under investigation in Belgium over approximately €500 million in suspected suspicious transactions. Following the news, Wise's share price plummeted 11.35%. It is reported that Belgian prosecutors are investigating the company over concerns that its accounts may have been used by criminals for money laundering, including proceeds from fraud, corruption, and drug trafficking. Prosecutors are examining whether the company has violated anti-money laundering regulations in over 30 European countries, and the investigation is expected to conclude soon. (cityam)