TORONTO (Reuters) – TD Bank’s chief global anti-money laundering officer Herbert Mazariegos is stepping down effective immediately, two sources told Reuters on Thursday, as the bank takes steps to rehabilitate itself after being fined by U.S. regulators for non-compliance.
Mazariegos joined TD in November 2023 from Bank of Montreal, where he served as Chief Anti-Money Laundering Officer for more than four years. He was hired as part of TD’s effort to revamp its risk and compliance team.
Mazariegos, hired when outgoing CEO Bharat Masrani was, will be replaced by Jacqueline Sanjuas, TD’s head of US financial crime risk management, one source said.
