MORGAN STANLEY ALLOWED PAYMENTS TO A SANCTIONED RUSSIAN BANK

It can now be stated that the bank's operations do not comply with banking regulatory standards. The largest investment bank in the U.S. attracted wealthy and influential clients from Russia to build its wealth management empire.

The bank worked with billionaire Evgeny Shvidler, who was later sanctioned by the UK after the start of the Russian-Ukrainian conflict. The investigation also highlights its interactions with an unnamed sanctioned Russian bank. ETrade’s division serviced thousands of accounts for clients residing in Russia and transferred significant sums to the country — around $13 million. ETrade didn’t even block attempts to send money to a Russian bank that was under sanctions.

International business for banks is both a blessing and a curse. The risks are enormous, and the growth rate is too high. This situation underscores how risky it can be to trust large banks in the context of sanctions and complex international regulations.If you want to avoid such issues and ensure the security of your payments, turn to RSI GARANT. We offer reliable solutions for international transactions, complying with all current regulations and minimizing risks for your business.