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.

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 ...

Morgan Stanley: Our Above-Consensus Growth Story. ... OCC, and Treasury (weighted 1/4 as high money laundering risk and errors on 60% of new international account applications) ...