TORONTO, Jan 23 (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 remediation actions after it was

fined by U.S. regulators for compliance failures.

Mazariegos joined TD in November 2023 from Bank of Montreal ( FNGB )

, where he served as the chief anti money laundering

officer for over four years. He was hired as a part of TD's push

to revamp its risk and compliance team.

Mazariegos, hired while outgoing CEO Bharat Masrani was in

charge, will be replaced by Jacqueline Sanjuas, the head of U.S.

financial crime risk management at TD, one source said.