The Office of the Attorney General of Switzerland closes its investigation into Morgan Stanley (Switzerland) GmbH with a summary penalty order
Bern, 27.2.2025 - By means of a summary penalty order dated 27 February 2025, the Office of the Attorney General (OAG) finds that Morgan Stanley (Switzerland) GmbH, respectively its predecessor Bank Morgan Stanley (Switzerland) AG, did not take all necessary and reasonable organisational measures when conducting its business activity to prevent one of its client advisors from committing qualified money laundering in the year 2010 involving assets that originally stemmed from acts of bribery in Greece. With the present summary penalty order, the OAG orders Morgan Stanley (Switzerland) GmbH to pay a fine of one million Swiss Francs and brings the matter to a close.