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

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

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

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

Scammers know fraud detection systems and coach their victims around barriers. The financial institutions warned Judith, but ...

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 ...

Morgan Stanley's own risk team found in early 2022 that 60% of international accounts its advisors were trying to open had missing documents, overstated income and other errors, the Journal wrote.

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 ... crucial source of profits but has also seen a high number of accounts used for money laundering funds, AnnaMaria Andriotis of The Wall Street Journal reports.

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 ...