News for Bank of Montreal (USA) - Google Finance

US Fed warns Bank of Montreal on anti-money laundering controls

Fri, 17 May 2013 16:02:22 GMT

US Fed warns Bank of Montreal on anti-money laundering controls
National Post - May 17, 2013

TORONTO - The Bank of Montreal and its U.S. subsidiary have agreed to beef up efforts to combat money laundering after American authorities found its operations in Chicago lacking.

Fed tells BMO to fight money laundering harder - Globe and Mail
Fed Cites Bank of Montreal, BMO Financial on Risk - Bloomberg

Fed Tells Bank of Montreal to Fight Money Laundering Harder

Fri, 17 May 2013 15:40:20 GMT

Fed Tells Bank of Montreal to Fight Money Laundering Harder
Moneynews - May 17, 2013

The agreement said the Fed found the Bank of Montreal's Chicago branch, in trying to follow anti-money laundering rules, "lacked effective systems of governance and internal controls to adequately oversee the activities of Bank of Montreal's U.S ...

US Cites Bank of Montreal Money- Laundering Weakness

Fri, 17 May 2013 14:47:58 GMT

US Cites Bank of Montreal Money- Laundering Weakness
Fox Business - May 17, 2013

U.S. regulators Friday ordered Bank of Montreal (BMO, BMO.T) to strengthen its anti-money-laundering programs, citing deficiencies in its U.S. subsidiary's efforts at risk management and compliance with the Bank Secrecy Act. The U.S. Federal Reserve ...

US Cites Bank of Montreal for Money-Laundering Weakness

Fri, 17 May 2013 17:01:11 GMT

US Cites Bank of Montreal for Money-Laundering Weakness
Fox Business - May 17, 2013

U.S. regulators Friday ordered Bank of Montreal (BMO), the eighth-largest bank in North America by assets, to strengthen its anti-money-laundering programs, citing deficiencies in its U.S. subsidiary's efforts at risk management and compliance with the ...

Bank of Montreal gets 90 days to improve system for thwarting money-laundering

Fri, 17 May 2013 16:53:43 GMT

Bank of Montreal gets 90 days to improve system for thwarting money-laundering
680 News - May 17, 2013

TORONTO - The Bank of Montreal (TSX:BMO) and its U.S. subsidiary have agreed to beef up efforts to combat money laundering after American authorities found its operations in Chicago lacking.

BMO Harris Ordered to Strengthen BSA Compliance

Fri, 17 May 2013 16:09:28 GMT

BMO Harris Ordered to Strengthen BSA Compliance
American Banker - May 17, 2013

The Federal Reserve has ordered Bank of Montreal's U.S. unit to strengthen compliance with laws designed to deter money laundering.

Hedge Funds Are Crazy About Canadian Imperial Bank of Commerce (USA) (CM)

Thu, 25 Apr 2013 20:25:44 GMT

Hedge Funds Are Crazy About Canadian Imperial Bank of Commerce (USA) (CM)
Insider Monkey (blog) - Apr 25, 2013

Let's also review hedge fund and insider activity in other stocks similar to Canadian Imperial Bank of Commerce (USA) (NYSE:CM).

5.17.13: Rate hikes seem a distant prospect after weak inflation data

Fri, 17 May 2013 13:34:00 GMT

5.17.13: Rate hikes seem a distant prospect after weak inflation data
National Post - May 17, 2013

Examiners at the Chicago Fed discovered the deficiencies at Bank of Montreal's U.S. branch. The Fed said today that the bank “lacked effective systems of governance and internal controls to adequately oversee” compliance with anti-money laundering rules.

BANK OF MONTREAL : Former BMO Analyst to Pay C$1.2 Million to Settle ...

Fri, 17 May 2013 22:02:36 GMT

BANK OF MONTREAL : Former BMO Analyst to Pay C$1.2 Million to Settle ...
4-traders (press release) - May 17, 2013

"The trades at issue were done without BMO's knowledge and were executed through an account outside BMO." The settlement agreement comes after the OSC and the U.S. Securities and Exchange Commission reached separate agreements with a former ...

Bank of Montreal ordered to fix oversight lapses

Fri, 17 May 2013 16:37:36 GMT

Bank of Montreal ordered to fix oversight lapses
Houston Chronicle - May 17, 2013

WASHINGTON (AP) - Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.