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Benzinga
Benzinga
Business
Namrata Sen

Morgan Stanley Probed By FINRA Over Money Laundering Risks Tied To Wealth Clients, Foreign Politically Exposed Figures: Report

Morgan Stanley Finra Stanley NYSE United States
London,,United,Kingdom,-,February,26,,2024:,Morgan,Stanley,In

Morgan Stanley (NYSE:MS) is reportedly under investigation by the Financial Industry Regulatory Authority (FINRA) for potential money laundering risks associated with its clients.

What Happened:  Finra is scrutinizing whether the financial institution adequately assessed its clients for money laundering risks. The investigation is centered around Morgan Stanley’s clients, risk ranking, and other practices from October 2021 to September 2024, reported The Wall Street Journal.

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