The Globe and Mail reports in its Monday edition that Toronto-Dominion Bank has hired another financial crimes expert as the lender moves to strengthen its risk controls and resolve lengthy money-laundering investigations in the United States. The Globe's Rita Trichur writes that the bank has recruited Stuart Davis to serve as an adviser to chief risk officer Ajai Bambawale. Mr. Davis, who left his previous job at Bank of Nova Scotia in May, is an American who has more than three decades of experience in anti-money-laundering, sanctions compliance and regulatory risk management in Canada and the United States. His expertise includes remediating compliance programs and rectifying regulatory issues for financial institutions. Mr. Davis will be joining TD on a short-term contract as an adviser to Mr. Bambawale and the risk leadership group. His appointment comes at a critical time for TD. The bank has spent the last year increasing its bench strength in anti-money-laundering compliance while also remediating weaknesses in its risk controls amid probes by three regulators and law enforcement in the United States. Those investigations are tied to a $653-million (U.S.) money-laundering and drug-trafficking case.