Morgan Stanley unit to pay $10 million fine for anti-money laundering violations

(Reuters) - Wall Street's industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm's anti-money laundering programme, the regulator said.The Financial Industry Regulatory Authority (FINRA) said the lapses spanned more than five years, from January 2011 until April 2016.Morgan Stanley, which agreed to the fine as part of a settlement, did not admit nor deny FINRA's charges, but consented to the entry of the regulator's..