Morgan Stanley’s due diligence of wealth-management clients under scrutiny

FINRA is seeking information on international and US clients, plus the unit that includes its trading desks, sources said.

Morgan Stanley is being probed by FINRA over its vetting of clients for risk of money laundering, the WSJ has just reported.

The agency is focusing on the US bank’s clients, risk ranking and other practices from October 2021 to September 2004, the report said, citing unidentified sources familiar with

FINRA

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