Latest News
- Derivatives Operations +
-
Securities Operations
+
- Affirmation, Allocation & Confirmation
- Back Office
- Buy-Side
- Case Studies
- Clearing
- Corporate Actions
- Data Management
- FX Operations
- Hedge Fund Operations
- Industry News
- Mergers & Acquisitions
- Middle-Office
- Operational Risk
- Ops Automation
- Outsourcing
- Private Markets
- Reconciliation & Exceptions
- Risk Management
- Sell-Side
- Settlement
- T+1 Settlement
- Diversity & Human Interest +
- FinTech Trends +
- Opinion +
- Performance Measurement +
- Regulation & Compliance +
- Industry News +
- FTF Media & Content Channels +
- FTF Bull Run Blog
FINRA has fined the firm $10 million, alleging that there were AML shortcomings. The regulator has also acknowledged the many steps Morgan Stanley has taken to rectify the situation.
The Financial Industry Regulatory Authority (FINRA) has charged that Morgan Stanley’s anti-money laundering (AML) program was beset with supervisory failures for more than five years. Those failures allegedly violated the Bank Secrecy Act and have resulted in a formal censure and a $10 million FINRA fine. The various charges encompass the period from 2011 to...
Already a subscriber? Login here
