12.02.24

TD Bank Taps HSBC Canada's Former Chief Compliance Officer

by: Nivedita Balu

TD Bank hired Georgia Stavridis from Royal Bank of Canada to become a vice president in financial crimes risk management, a newly created role, say insiders. In October, TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay over $3 billion in penalties to resolve the charges. As a part of the process to fix its compliance and risk program, TD has hired a number of senior executives.

Read the full article on Reuters