The Globe and Mail reports in its Saturday edition that TD Bank remade its board on Friday and sped up the exit of chief executive officer Bharat Masrani as part of what promises to be a multiyear journey back from U.S. regulatory sanctions over its criminal failures in the bank's U.S. anti-money-laundering systems. The Globe's Andrew Willis writes that Friday's board overhaul is more significant than the $3.09-billion (U.S.) penalty the bank paid to U.S. regulators last October. The fine is just money; TD has lots of that. Moving out the CEO and six directors and announcing chairman Alan MacGibbon will depart by December is a sign TD's leaders know shareholders have lost faith, a coming-of-age moment for corporate Canada. TD jettisoned directors with distinguished records in favour of new board members with AML experience, ties to U.S. regulators, and no ties to a regime that failed to catch drug dealers moving millions of dollars through the bank's New York branches. The new board members include former compliance and accounting executives at JPMorgan Chase and Morgan Stanley. Their presence is meant to speed the bank's exit from punishing limits on the assets at TD's U.S. retail bank, the bank's growth engine.