TBIJ: Wise is under Belgian investigation over around €500M in suspicious transactions amid concerns its platform may have been exploited by criminal networks to move illicit funds across Europe

Belgian prosecutors opened the probe in 2025 after Wise accounts repeatedly appeared in hundreds of cross-border criminal investigations across more than 30 countries, raising concerns that the platform may have been used by criminal networks to move proceeds of fraud, corruption, and drug trafficking. Authorities are examining whether Wise’s controls—particularly customer due diligence and transaction monitoring—were sufficient…