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.

Morgan Stanley, Interactive Brokers, and other financial advisory firms are being investigated by U.S. authorities for managing roughly $100 million belonging to Venezuelan businessman Luis ...

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 ...

Finra said Wednesday Morgan Stanley had failed to adequately detect and coordinate the supervision of certain suspicious transactions within its anti-money-laundering program for more than five years.

Morgan Stanley’s wealth unit is under the regulatory microscope, with multiple federal agencies scrutinizing its procedures for evaluating the risk of money laundering among clients within its ...

FINRA, the nonprofit organization that protects investors and market integrity, concluded that Morgan Stanley’s anti-money laundering (AML) program failed to meet the requirements of the Bank ...

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.

A former Morgan Stanley banker in Switzerland was convicted of money laundering related to a kickback of about 50 million Swiss francs ($50.1 million) from arms sales negotiated by ex-Greek ...

Treasury Department offices and others are looking into how Morgan Stanley vets clients at risk of laundering money through the bank’s wealth-management division. Shares fell more than 5%.

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.