The Globe and Mail reports in its Friday edition that Toronto-Dominion Bank's chief executive officer says the bank has identified the weaknesses in its anti-money-laundering procedures that have drawn attention from regulators, and that the lender is investing heavily in improving those processes. The Globe's Stefanie Marotta writes that investors have been waiting for details on the expected fines or other penalties stemming from probes by regulators and law-enforcement agencies, including the U.S. Department of Justice, that derailed TD's takeover of Tennessee-based First Horizon Corp. last spring. While discussing Thursday's first-quarter earnings results, TD CEO Bharat Masrani said he cannot yet publicly share the nature of the gaps in its anti-money-laundering, or AML, procedures. "I know there are questions relating to the bank's investments in our risk and control infrastructure, including in our AML program," he said during a conference call with analysts. "We are making comprehensive enhancements. This is a priority for the bank and we take our responsibility seriously to live up to our high standards." He said TD has hired hundreds of employees across the company to support its risk and control operations.