Anti-Financial Crime & Financial Crime Compliance
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NEWS: TD Bank’s new AML boss tells other lenders – ‘Learn from our mistakes’

GUILTY: File photo used for illustration purposes solely shows a branch of TD Bank in Chinatown in New York City.

BY PAUL O’DONOGHUE, Senior Correspondent

TD Bank’s AML chief, Herbert Mazariegos, has urged the financial sector to learn from his bank’s failures as criminals continue to target institutions to launder illicit funds.

In his first public comments since U.S. regulators and the Department of Justice charged TD Bank, Mazariegos told AML professionals that the Canadian lender is working to address its compliance shortcomings.

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