Day: April 11, 2024

Written by FinCrime

Morgan Stanley Drops on Report of US Probes Into Wealth Unit

Reported by Sridhar Natarajan Morgan Stanley shares fell the most in five months after a report that a cadre of US regulators are scrutinizing the firm’s efforts to prevent potential money laundering by wealthy clients. The Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are digging into […]

Written by FinCrime

Two Russian oligarchs win court ruling over EU sanctions

Reported by Pjotr Sauer Two Russian oligarchs have won a surprise victory against EU sanctions over Moscow’s war against Ukraine but remain under punitive measures for the time being. The European court of justice ruled that the European Council had not presented enough evidence to establish that Petr Aven and Mikhail Fridman were involved in […]