BMO creates financial crimes unit with cybersecurity, fraud capabilities
TORONTO — The Bank of Montreal is creating a financial crimes unit bringing together existing capabilities around cybersecurity, fraud and physical security.
The new unit will be led by Larry Zelvin, who joins the bank on Jan. 14. He has been CitiGroup Inc.’s managing director and global head of cybersecurity.
BMO’s financial crimes unit will work together with the bank’s anti-money laundering group.