Report: TD Bank Chief Compliance Officer Monica Kowal Leaves Job

Kowal, who had been with the bank since 2017, will be succeeded by Deputy Chief Compliance Officer Erin Morrow, according to the report. To address the shortcomings in its AML program, TD Bank brought in top talent with experience in transforming and leading AML programs at major banks, cooperated closely with authorities by providing documentation and internal video recordings related to the matter, and invested 500 million Canadian dollars (about $365 million) in its AML program, per the report. TD Bank's ...