Fed Probes Morgan Stanley's International Wealth-Management Practices
At issue is how the bank vets foreigners and the origins of their money before taking them on as customers
Source: wsj.com
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Morgan Stanley Wealth Business Scrutinized by Fed, WSJ Says
The SEC has been pressing Morgan Stanley to improve its processes and controls to prevent wealthy international clients from laundering money.
Source: wealthmanagement.com
US Fed probes Morgan Stanley's international wealth-management practices
The regulator is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money, the Journal’s report added.
Source: moneycontrol.com
Fed pushes Morgan Stanley to tighten wealth management controls
The regulator wants to ensure enough is being done to prevent money laundering by international clients.
Source: investmentnews.com
Morgan Stanley's wealth management arm under scrutiny by Federal Reserve
The Fed is looking into Morgan Stanley’s wealth management arm, to identifying if the firm has adequate controls to prevent money laundering.
Source: investmentweek.co.uk