The Globe and Mail reports in its Saturday edition that Toronto-Dominion Bank's global chief auditor is leaving the bank as Canada's largest lender works on remediating its anti-money-laundering failings with U.S. regulators. The Globe's Stefanie Marotta writes that TD says Anita O'Dell, global chief auditor and interim U.S. chief auditor, is retiring and will continue in an advisory role until May 31. Last month, the bank pleaded guilty to conspiracy to commit money laundering and must pay a penalty of more than $3-billion (U.S.) and address several strict requirements set by U.S. regulators and law enforcement. Since joining the bank in 2010, Ms. O'Dell held roles including U.S. chief auditor and deputy U.S. chief auditor. In her role, she was responsible for reporting to the audit committee of TD's board of directors, which oversees anti-money-laundering, compliance, auditing and finance. Since joining the bank in 2010, Ms. O'Dell held roles including U.S. chief auditor and deputy U.S. chief auditor. In her role, she was responsible for reporting to the audit committee of TD's board. The bank tapped controller and chief accountant Michelle Myers as its new global chief auditor. She steps into the role on Dec. 9.
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