TORONTO, July 5 (Reuters) - TD Bank's chief

compliance officer has left the bank, according to a memo sent

internally, at a time the Canadian lender faces U.S. regulators

and the Justice Department in a probe related to its anti-money

laundering program.

Monica Kowal, who joined the bank in 2017, left the company

this week, and will be replaced by Deputy Chief Compliance

Officer Erin Morrow who will report to Chief Risk Officer Ajai

Bambawale, according the memo sent in late June, seen by

Reuters.

Bambawale did not address the reason for Kowal's departure

in the memo. Chief Executive Officer Bharat Masrani has

previously said the bank has acted against responsible

employees, including termination.

TD declined to comment about Kowal's departure. Kowal was

not immediately available for comment.

Morrow joined TD in January after spending over a decade at

U.S. bank Citi. TD also hired Marcy Forman and Jacqueline

Sanjuas from Citi and its Chief Global Anti-Money Laundering

Officer Herbert Mazariegos from BMO to revamp the team.

The bank said it has invested over $500 million on training

programs, onboarding hundred of AML professionals and hiring

executives to lead its regulatory program after Masrani said the

bank's AML program fell short and did not effectively monitor,

detect, report or respond. It is "unacceptable," he said in May.

The bank has also taken an initial provision of $450 million

and has said it anticipates additional monetary penalties. The

fines may total as much as $4 billion, analysts have said.