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Morgan Stanley settled allegations of violations of the Narcotics Trafficking Sanctions Regulations, remitting $3,162.00 to OFAC. The allegations concerned Morgan Stanley's issuance of instructions to a bank for a wire transfer from an SDNT's securities account without an OFAC license, and its failure to block that account at the time of the SDNT's designation.
Penalty Amount
$3,162.00
Enforcement Date
April 11, 2008
Rank in Top Penalties
#776
On October 11, 2007, Morgan Stanley allegedly issued instructions to a bank for a wire transfer from an SDNT's securities account without an OFAC license and failed to block the securities account at the time of the SDNT's designation on March 28, 2007.
Upon learning of the failure, Morgan Stanley repaired an error in its interdiction software and rescreened potentially affected accounts. Although Morgan Stanley did not voluntarily disclose this matter to OFAC, it notified OFAC of the apparent violation simultaneously with the blocking bank and cooperated with OFAC's investigation.
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Archived on June 13, 2026
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