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.

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.

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 ...

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.

Almost certainly yes, according to Amias Gerety, a partner who runs U.S. investments at fintech venture capital firm QED Investors. But it should also enable the compliance department's human staffers ...

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.