Bank regulators found BMO Harris Bank deficient in compliance with the Bank Secrecy Act and anti-money laundering regulations, placing the bank under a written agreement to improve the situation.
The agreement stems from the Federal Reserve Bank's most recent examination of the Chicago branch of BMO Harris, which serves as the headquarters for the United States operation of the bank which is controlled by Bank of Montreal.
BMO Harris has 12 bank branches in the Kansas City area. With $623 million…
Bank regulators found BMO Harris Bank deficient in compliance with the Bank Secrecy Act and anti-money laundering regulations, placing the bank under a written agreement to improve the situation.
The agreement stems from the Federal Reserve Bank's most recent examination of the Chicago branch of BMO Harris, which serves as the headquarters for the United States operation of the bank which is controlled by Bank of Montreal.
BMO Harris has 12 bank branches in the Kansas City area. With $623 million…