ZURICH, Feb 27 (Reuters) - The Swiss attorney general's
office said on Thursday it had imposed a $1 million fine on
Morgan Stanley's ( MS ) Swiss operations for failing to do enough to
prevent one of its client advisors committing qualified money
laundering in 2010.
In a statement, the office said the lender's previous
entity, Bank Morgan Stanley (Switzerland) AG, was liable for
failing to stop the advisor laundering assets originally
stemming from acts of bribery in Greece.
The case concerned the late, former Greek Defence Minister
Akis Tsohatzopoulos, who was found guilty of money laundering by
a Greek court in 2013, the office said.
Bribes laundered in Greece went to accounts of a straw man
and cousin of Tsohatzopoulos at the bank in Switzerland, which
led to a subsequent investigation, the office said.
The costs of the proceedings were also imposed on Morgan
Stanley ( MS ), which cooperated with prosecutors, it added.
Morgan Stanley (Switzerland) GmbH had informed the attorney
general's office that it would waive its right to oppose the
penalty order, according to the statement.
(Writing by Dave Graham
Editing by Francois Murphy)