23-07-2025
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 risk of money laundering, the Wall Street Journal reported.
The scrutiny focuses on the US bank's clients, risk ranking and other practices from Oct. 2021 through Sept. 2004, the report said, citing unidentified people familiar with the matter. Morgan Stanley is already facing potential fines from federal investigations into its anti-money laundering practices, the report said.
