| Autor: |
Andriotis, AnnaMaria (AUTHOR) |
| Předmět: |
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| Zdroj: |
Wall Street Journal (Online). 11/27/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
The article from the Wall Street Journal discusses how Morgan Stanley's wealth-management division courted questionable customers, leading to concerns about weak anti-money-laundering controls and incomplete due-diligence reviews. The bank's focus on international clients, including those from countries known for financial corruption, raised red flags. Issues with vetting procedures, including delays in thousands of accounts, were highlighted, prompting investigations by various regulatory bodies. Morgan Stanley has since made efforts to improve its anti-money-laundering processes and is implementing changes to address the identified shortcomings. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
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