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Weekly Roundup: Vietnamese Fraudster Handed Death Sentence, Morgan Stanley Under AML Investigation, and More

Vietnamese real-estate mogul Truong My Lan was sentenced to death in Ho Chi Minh City for illegally exerting control over Saigon Joint Stock Commercial Bank, using "ghost companies" to siphon more than $12 billion from the lender through fraudulent loans, and bribing government officials, Al Jazeera reported. More The Federal Reserve, Financial Crimes Enforcement Network, Office of the Comptroller of the Currency and Securities and Exchange Commission are investigating Morgan Stanley's wealth unit for potentially failing to vet clients and verify their source of funds, The Wall Street Journal reported. More House Financial Services Committee Chairman Patrick McHenry (R-NC) and...

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