06:58 AM EDT, 07/12/2024 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) has hired two former regulators for its anti-money-laundering team as the lender reinforces its risk controls amid a lengthy probe by U.S. regulators and law enforcement agencies, The Globe and Mail is reporting.

Over the past year has tapped external regulatory and risk management experts to join its ranks while executives have departed the bank as the lender remediates weaknesses in its risks and controls procedures, the report said.

The latest moves will see Nathalie Martineau, an executive at the Financial Transactions and Reports Analysis Centre of Canada, join the bank as vice-president of anti-money laundering, governance and control for Canada, Europe and Asia-Pacific, according to an internal memo seen by The Globe.

Prior to working at FinTRAC, she worked at Canada's banking regulator the Office of the Superintendent of Financial Institutions Canada (OSFI), the International Monetary Fund and with other financial institutions, including Bank of Montreal ( NRGD ) and JPMorgan Chase. Ms. Martineau will join TD on Aug. 13.

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