How Job Cuts, Language Barriers And Tech Inefficiencies Led To Morgan Stanley's Failure To Vet Ultra-Wealthy Clients

How Job Cuts, Language Barriers And Tech Inefficiencies Led To Morgan Stanley's Failure To Vet Ultra-Wealthy Clients

Morgan Stanley's wealth management division, a key revenue generator for the investment bank, faces challenges with compliance oversights and anti-money-laundering delays. The bank has made efforts to improve processes and enhance client vetting, focusing on technology and staffing upgrades.

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