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

A recent investigation by the Wall Street Journal uncovered the wealth management branch of investment bank Morgan Stanley’s ...

Amid its aggressive global push, lax procedures at the firm led to one-fourth of international accounts being flagged as high ...

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

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence ...

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

The 2023 document showed that 24%, or 46,572, of Morgan Stanley’s international wealth-management accounts were designated by the firm as “High/High+" risk for money laundering. The firm also ...

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 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.

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 ...