Morgan Stanley fined $10M for anti-money laundering failures

Wall Street’s industry funded watchdog fined the brokerage unit of Morgan Stanley $ 10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said. The Financial Industry Regulatory Authority (Finra) said the lapses spanned more than five years, from January 2011 until April 2016. Morgan Stanley, which agreed to the fine…
Business | New York Post

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