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Three VPs to leave TD Bank's anti-money laundering team as new chief makes changes
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Three VPs to leave TD Bank's anti-money laundering team as new chief makes changes
May 25, 2025 11:37 PM

TORONTO, May 1 (Reuters) - Three vice presidents at

Canadian lender TD Bank's financial crime risk

management team will be leaving the team as a part of changes

new global anti-money laundering chief Jacqueline Sanjuas is

making, according to a memo seen by Reuters.

Sanjuas, who took charge earlier this year following TD's

historic $3 billion penalty by U.S. regulators, told staff in a

memo she was focused on "simplifying the financial crime risk

operating model in Canada."

"This effort is guided by the need to enhance clarity in

decision-making, redefine team mandates, and drive greater

consistency across the broader team," she said in the memo sent

on Thursday, highlighting other internal changes.

The three executives - VP of risk and business control

programs Sohana Inderlall, VP of risk oversight Canadian banking

Caitlin Riddolls and VP of data and model management Rick

Hamilton - are pursuing other opportunities, the memo said.

Sanjuas' memo also highlighted her plan to rejig the

financial crime and risk management team at TD for the first

time since taking charge in January, following the sudden

departure of Herbert Mazariegos.

TD will also name a leader for its financial crime

investigations team and a VP for business oversight, Canada.

Georgia Stavridis, a former HSBC Canada executive who joined TD

last year, and Stephen Joyce, vice president of financial crime

risk management transformation delivery and enablement, will

cover those roles in the interim, the memo said.

A TD Bank spokesperson confirmed the moves and the content

of the memo.

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