Finance watchdogs press Morgan Stanley on work with wealthy clients who have been flagged about money laundering

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1. This situation raises serious concerns. Finance regulators investigating Morgan Stanley for potentially servicing clients flagged for money laundering is a big deal. While Morgan Stanley has AML (Anti-Money Laundering) programs in place, questions remain about how effectively they’re being applied, especially for high-wealth clients. This could have major consequences, both reputational for the bank and legal if money laundering is proven.