Wise, the UK-based international money transfer firm, confirms it is responding to inquiries from Belgian prosecutors as part of a money-laundering investigation. Multiple reports say the investigation is conducted by authorities in Brussels, with Wise working with the public prosecutor’s office to answer questions about its business practices, as it does with regulators and law-enforcement agencies in other contexts. One outlet reports that Wise’s name appears repeatedly in hundreds of requests for assistance sent by investigating authorities in different countries, suggesting concerns about potential criminal use of its accounts. Another source says Belgian prosecutors describe the probe as being at an advanced stage, focusing on suspicions that criminals may have used the company’s accounts. The reports also agree that the development affects Wise’s stock performance. Wise’s shares fall noticeably after the confirmation, with one report citing a decline of nearly 20% and another describing a significant drop that erases around £2 billion in market value. Across outlets, Wise is portrayed as cooperating with investigators while the probe remains ongoing.