Law firms including Robbins LLP and Rosen Law Firm filed securities class action lawsuits against Wise Group plc. The litigation represents investors who purchased securities between May 11, 2026, and July 23, 2026.
The complaints allege Wise made false statements regarding its anti-money laundering (AML) and counter-terrorist financing controls. Plaintiffs claim the company failed to disclose significant regulatory risks during this period.
A Reuters report recently detailed a money laundering investigation by the Brussels Public Prosecutor's Office. The U.S. Office of the Comptroller of the Currency (OCC) also denied Wise’s application for a national trust bank license.
These disclosures triggered a decline in the company's stock price. The lawsuits seek to recover financial damages for affected shareholders.