The Globe and Mail reports in its Friday edition that three vice-presidents at TD Bank's financial crime risk management team are departing "for other opportunities" as a part of changes new global anti-money-laundering (AML) boss Jacqueline Sanjuas is making, according to a company memo.
A Reuters dispatch to The Globe says that Ms. Sanjuas, who took charge earlier this year following TD's historic $3-billion (U.S.) penalty by U.S. regulators, told staff in the memo that 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.
The three executives -- vice-president of risk and business control programs Sohana
Inderlall, vice-president of risk oversight Canadian banking Caitlin Riddolls, and vice-president of data and model management Rick Hamilton -- are pursuing other opportunities, the memo said.
Ms. Sanjuas's memo also highlighted her plan to rejig the financial crime and risk management group at TD for the first time since taking charge in January.
© 2025 Canjex Publishing Ltd. All rights reserved.