Key facts
- Wise stock fell nearly 20%, wiping £2bn off its market value.
- Belgian prosecutors are investigating Wise for alleged money laundering.
- Wise is cooperating with Belgian authorities.
- No specific findings have been shared with Wise by the prosecutors.
Investigations into financial crime, such as money laundering, can significantly impact a company's stock price and reputation. Regulatory scrutiny can lead to increased compliance costs and potential fines, affecting investor confidence.