Rosen Law Firm and Robbins LLP filed a securities class action lawsuit against Wise Group plc. The suit represents investors who purchased securities between May 11, 2026, and July 23, 2026.
The lawsuit alleges Wise made false statements regarding its anti-money laundering and counter-terrorist financing controls. It claims the company failed to disclose significant regulatory risks to its shareholders.
In June and July, the Brussels Public Prosecutor's Office opened an investigation into potential money laundering at the firm. The OCC also reportedly denied Wise's application for a national trust bank license due to compliance deficiencies.
These disclosures triggered a significant decline in the company's share price. Affected investors are now encouraged to seek counsel to recover potential losses.