Morgan Stanley Leak: 25% of Ultrawealthy Clients Flagged

A Wall Street Journal investigation revealed that 24% of Morgan Stanley's international wealth-management accounts are flagged as high risk for money laundering, highlighting the bank's weak anti-money-laundering controls. This raises concerns about the ultrarich exploiting loopholes in the financial system. The issue is part of a broader global problem, with money laundering activities increasing significantly, particularly in Europe. Morgan Stanley has not commented on the allegations.