A whopping 24% of Morgan Stanley international wealth-management accounts were labeled by the company as being high risk for ...

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence ...

The document itself reportedly acknowledged "weak" anti-money-laundering controls due to "longstanding issues globally" with ...

Amid its aggressive global push, lax procedures at the firm led to one-fourth of international accounts being flagged as high ...

Morgan Stanley’s (MS) wealth-management division represents close to half of the company’s total revenue and has been a crucial source of ...

Morgan Stanley's own risk team found in early 2022 that 60% of international accounts its advisors were trying to open had missing documents, overstated income and other errors, the Journal wrote.

A former Stifel, Wells Fargo and Morgan Stanley advisor was sentenced for defrauding public health insurance plans.

Kaival Patel was previously convicted of charges stemming from a plan to collect commissions on falsely prescribed compound ...

An investigation focuses on services provided by the bank for a trust that held the sanctioned billionaire’s assets.

Kaival Patel was convicted of 11 counts of fraud and money laundering related to an insurance scheme he orchestrated through ...

Patel was convicted on Dec. 7, 2023, of 11 counts, including one count of conspiracy to commit wire fraud and healthcare fraud, four counts of healthcare fraud, one count of conspiracy to commit money ...