Morgan Stanley’s wealth management arm is being scrutinized by the Federal Reserve, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The regulator is looking ...

Morgan Stanley, a major financial firm, is facing intense scrutiny from government agencies over how it handles potential money laundering risks among its wealth management clients.

Amid its aggressive global push, lax procedures at the firm led to one-fourth of international accounts being flagged as high-risk for money laundering, according to a 2023 document.

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 ...

Morgan Stanley’s ... and executives illustrates the operations of the bank that appear to fall short of regulatory standards for anti-money-laundering controls.Don't Miss our Black Friday ...

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.

Rodney Halvorson says he agreed to join Morgan Stanley only if he could take two wealthy Mexican clients with him. But his transfers were blocked amid heightened money-laundering scrutiny.

Reuters. FILE PHOTO: The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021.

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 logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021.

Morgan Stanley’s (MS) wealth-management division represents close to half of the company’s total revenue and has been a crucial source of profits but has also seen a high number of accounts ...

Switzerland fines Morgan Stanley $1 million over 2010 money laundering case. ... Switzerland fines Morgan Stanley $1 million over 2010 money laundering case. Stock Markets. Published 02/27/2025, ...