Three VPs to leave TD Bank's anti-money laundering team as new chief makes changes
TORONTO (Reuters) -Three vice presidents at Canadian lender TD Bank's financial crime risk management team will be leaving the team as a part of changes new global anti-money laundering chief Jacqueline Sanjuas is making, according to a memo seen by Reuters. Sanjuas, who took charge earlier this year following TD's historic $3 billion penalty by U.S. regulators, told staff in a memo she was focused on "simplifying the financial crime risk operating model in Canada." "This effort is guided by the need to enhance clarity in decision-making, redefine team mandates, and drive greater consistency across the broader team," she said in the memo sent on Thursday, highlighting other internal changes.