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Belgian prosecutors are investigating Wise over anti-money laundering compliance failures, citing inadequate client identification procedures.
Wise confronts a potential €500 million penalty for money laundering violations, challenging the fintech narrative of technological superiority over traditional banks.
London-based fintech Wise begins trading on Nasdaq with $2.5 billion revenue run rate, pursuing US banking charter for direct Federal Reserve settlement access.
Wise launches dual-listing strategy with Nasdaq debut while maintaining London presence, signaling aggressive push into lucrative American cross-border payments market.