Fed Ends Anti Money Laundering Sanction Against Bank of Montreal
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Federal Reserve has terminated a 2013 order demanding Bank of Montreal fix anti-money laundering deficiencies in a U.S. unit.
Alert: HALISTER1- Fed lifted an action that required the lender to “remedy” problems with its compliance program
- NOTE: Lender’s Chicago-based business had been affected
- EARLIER: Fed Cites Bank of Montreal’s U.S. Unit Over Risk Management
Source: BFW (Bloomberg First Word)
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UUID: 7947283