Morgan Stanley Faces Finra Probe on Client-Vetting, WSJ Says

Morgan Stanley Faces Finra Probe on Client-Vetting, WSJ Says

Morgan Stanley is being probed by the Financial Industry Regulatory Authority over its vetting of clients for the risk of money laundering, the Wall Street Journal reported.

Morgan Stanley's Client-Screening Faces Deeper FINRA Probe, WSJ ...

Morgan Stanley under probe for wealth management client vetting issues – report

Morgan Stanley is currently facing an investigation by the Financial Industry Regulatory Authority (FINRA) concerning its wealth management client vetting processes related to potential money-laundering risks, as reported by the Wall Street Journal (WSJ). The inquiry is examining the firm’s client risk assessments and related practices from October 2021 to September 2024. This investigation adds to existing scrutiny from federal authorities rega…

Morgan Stanley Faces FINRA Probe Over Money Laundering Risk Vetting

FINRA investigates Morgan Stanley's client screening practices for money laundering risks, focusing on procedures from October 2021 to September 2024.

Morgan Stanley faces FINRA probe on client vetting, WSJ says

Morgan Stanley is under investigation by FINRA over how it vetted clients for money-laundering risks, adding to existing federal scrutiny of its wealth-management and trading units.

NEWS: FINRA seeks Morgan Stanley’s org charts, reporting lines, risk scoring tools in major EDD probe; focus on PEPs - AML Intelligence

By AML Intelligence Correspondent THE U.S. Financial Industry Regulatory Authority (FINRA) is investigating Morgan Stanley over how the firm screened clients for money-laundering risks, it’s reported. Morgan Stanley has received at least six requests from Finra for large volumes of data, including one in recent weeks. The probe examines client vetting, risk rankings and related […]