A recent investigation uncovered significant regulatory deficiencies within Morgan Stanley's wealth management operations.

The document itself reportedly acknowledged "weak" anti-money-laundering controls due to "longstanding issues globally" with ...

A whopping 24% of Morgan Stanley international wealth-management accounts were labeled by the company as being high risk for ...

An elderly woman has lost her life savings to a sophisticated scam amid warnings from JPMorgan Chase and Morgan Stanley, ...

Morgan Stanley's wealth-management division is under investigation by multiple government agencies due to its weak anti-money-laundering controls and improperly vetting international clients ...

Federal probes are also examining allegations that Morgan Stanley accounts facilitated money laundering tied to corruption and sanctioned individuals. The Journal article cited a 2023 internal ...

Morgan Stanley’s (MS) wealth-management division represents close to half of the company’s total revenue and has been a crucial source of ...

Many of Morgan Stanley’s high-net-worth clients’ assets were flagged as being at high risk for money laundering. A recent investigation by the Wall Street Journal uncovered the wealth ...

The 2023 document showed that 24%, or 46,572, of Morgan Stanley’s international wealth-management accounts were designated by the firm as “High/High+" risk for money laundering. The firm also ...

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence ...