London, June 5, 2026, 10:08 BST
Wise Group PLC was last seen around 826p early Friday in London. The fintech’s most recent bid-offer was 824p/828p. The FTSE 100 added 0.21% at 10,382.03 in the same session. Wise still trades far off its 1,225p peak for the year and just above its 754p low.
Wise is in focus after a sudden hit to its shares, which fell as much as 20% on Monday and ended down 8%. The drop came when the company said it was responding to questions from Belgian prosecutors on money-laundering. The pause comes after this repricing of regulatory risk.
Anti-money-laundering rules require financial firms to verify customers and file suspicious activity reports. Belgian prosecutors are investigating if Wise accounts played a role in moving about €500 million linked to fraud, corruption, and drug trafficking, according to the Bureau of Investigative Journalism. Transactions totaling that amount are being examined.
Wise in a June 1 market statement said it is cooperating with the Brussels prosecutor. The company said no specific findings have been shared with it so far and added that getting information requests from law enforcement is a normal part of its work. About a third of its global team focuses on customer protection from financial crime, Wise said.
Wise did not issue a new statement Friday morning. The last notice from Wise after the investigation response was a June 3 holdings update, showing Baillie Gifford & Co owns 9.99% of Wise voting rights, a drop from the previously reported 10.09%.
Wise is facing pressure less than a month after it moved its main stock listing to Nasdaq, though it kept a secondary listing in London. At Nasdaq’s May 11 debut, CEO and co-founder Kristo Käärmann said Wise was “only getting started.” Chair David Wells called the U.S. the company’s “biggest market opportunity.” Investegate
Wise started the week with strong growth numbers. In April, the company posted fourth-quarter cross-border volume of £49.4 billion, 26% higher from a year ago. Underlying income—Wise’s preferred metric, which includes revenue and some interest income—came in at £435.3 million, an increase of 24%.
Digital finance firms are facing scrutiny as they get bigger. UK regulators hit Starling Bank with a £28.96 million fine in 2024 for failures in financial-crime controls. Monzo Bank also drew a £21.09 million penalty in 2025 over what regulators called inadequate anti-financial-crime systems and controls. Both actions show how the sector is under pressure as it expands.
Wise shares still face uncertainty over risk. Reuters said prosecutors started the investigation last year and are close to finishing it, looking at possible money-laundering violations. If there are no material findings, investors may go back to focusing on growth. But if there’s a summons, settlement, fine or any limits, that could drive up compliance costs and slow deals.
The stock is stuck for now. Friday’s flat close shows investors aren’t selling into the bounce, but they’re still not chasing the Nasdaq growth trade.
