The Globe and Mail reports in its Thursday edition that Canada's anti-money-laundering watchdog has signed a memorandum of understanding that allows it to share information with three U.S. regulators regarding Canadian banks with cross-border operations. The Globe's Alexandra Posadzki writes that the agreement creates a framework for sharing supervisory information between FinTRAC and three U.S. banking regulators: the Office of the Comptroller of the Currency, Federal Deposit Insurance Corp. and Federal Reserve. Discussions between the regulators have been under way for years, but the need for a more formal information-sharing agreement crystallized with recent issues at TD Bank. Earlier this year, TD became the first lender in U.S. history to plead guilty to conspiracy to commit money laundering after a decade of moving illicit funds for criminals. Canadian banks and government agencies are under heightened pressure to crack down on increasingly sophisticated global criminal organizations as Canada's framework for combatting financial crime comes up for review. The Financial Action Task Force, an intergovernmental body, will begin evaluating the effectiveness of Canada's anti-financial-crime regime early next year.